55 Overview
Finance Act 2012 (2012 c 14) | Legislation

Part 2 Insurance Companies Carrying on Long-term Business

Chapter 1
Introductory

Outline of provisions of Part

55 听翱惫别谤惫颈别飞

(1)聽聽聽聽 This Part makes special provision for corporation tax purposes in relation to life assurance business and other long-term business carried on by insurance companies.

(2)聽聽聽聽 Chapter 1 explains some of the key concepts for the purposes of this Part, including the concept of basic life assurance and general annuity business (abbreviated to 鈥淏LAGAB鈥).

(3)聽聽聽聽 Chapter 2鈥

(a)聽聽聽聽 provides for the profits of BLAGAB to be subject

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