GIM4000 | Taxation of general insurance

This Chapter describes the broad framework of taxation of general insurance, and covers the taxation of the underwriting results of general insurance companies using annual and non-annual (funded) accounting. It also deals with issues such as commencement and cessation and transfers of business. Other details of the taxation of general insurance are covered elsewhere in GIM. See GIM5000+ on the taxation of the investment return, GIM6000+ on the tax treatment of technical provisions, and GIM7000+ on the tax treatment of equalisation reserves.