Related Commentary  Related HMRC Manuals

93(1)  This section applies if an insurance company has a BLAGAB trade profit for an accounting period.

93(2)  A comparison must be made between–

(a)the I – E profit or excess BLAGAB expenses for the accounting period, and

(b)the BLAGAB trade profit for the accounting period,

adjusted as need be in accordance with sections 94, 124, 124A and 124C.

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