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Contents

Official guidance
Business Income Manual

BIM45500 · Specific deductions: insurance

  • BIM45501 · Fixed assets
  • BIM45505 · Trading stock and debts
  • BIM45510 · Loss of profits
  • BIM45515 · Professional negligence
  • BIM45520 · Employee indemnity
  • BIM45525 · Employees and other key persons
  • BIM45530 · Key persons - non-trade purposes
  • BIM45560 · Own health policies and own insurance funds
  • BIM45565 · Locum and fixed overheads
  • BIM45575 · Customers
  • BIM45580 · Export Credits Guarantee scheme
  • BIM45590 · Premiums paid to mutual concerns
  • BIM45595 · Premium tax
  1. Specific deductions: insurance: contents
  2. Specific deductions: insurance: premiums paid to mutual concerns

BIM45590 | Specific deductions: insurance: premiums paid to mutual concerns

From HM Revenue & Customs · Business Income Manual

Insurance premiums otherwise admissible as a deduction should not be regarded as inadmissible on the grounds that they are paid to an insurance association that is a mutual concern (see Thomas v Richard Evans and Co Ltd. [1927] 11 TC 790).

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