720-075 Insurance companies – special derivative contract rules
As with investment funds, the subject matter of the previous section, insurance companies also receive special treatments under or in accordance CTA 2009, Pt. 7 in certain circumstances.
In a number of respects, these special treatments complement an insurance company’s general tax treatment under the UK tax code, which is considered in et seq.
In light of this, the following paragraphs provide a broad summary of that general taxation treatment, before considering how it specifically impacts upon an insurance company’s derivative contracts that fall within CTA 2009, Pt 7.