Related Commentary  Related HMRC Manuals

92(1)  This section applies if–

(a)an insurance company has receipts that are taken into account in calculating its BLAGAB trade profit or loss (see section 136) for an accounting period,

(b)the receipts would not fall within the charge to corporation tax apart from this section, and

(c)the receipts are not excluded receipts.

92(2)  The appropriate amount of the receipts is an I – E receipt of the company for the accounting period.

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