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Contents

Official guidance
Life Assurance Manual

LAM07000 · Trade Profits

  • LAM07010 · Introduction - BLAGAB and non-BLAGAB trade profits and losses: FA12/S66
  • LAM07020 · Financial Statements: GAAP for insurance companies: CTA09/S35
  • LAM07030 · Financial statements: valuation of technical provisions
  • LAM07040 · Financial statements and tax rules: deferred acquisition costs, deferred income reserves and the value of in force business: FA12/SCH17/PARA22
  • LAM07050 · Financial statements: the fund for future appropriations (FFA) and unallocated divisible surplus (UDS)
  • LAM07100 · Taxable investment income and gains
  • LAM07110 · Deductible expenditure FA12/S110 bonuses: capital expenditure: FA12/S112 index-linked gilts
  • LAM07120 · Intangible fixed assets: FA12/S130 and CTA09/S806
  • LAM07130 · Transitional amounts: FA12/SCH17
  • LAM07140 · Capital contributions
  • LAM07150 · Capital allowances: BLAGAB CAA01/S545(2); non-BLAGAB CAA01/S544(2)
  • LAM07200 · BLAGAB trade profits: overview
  • LAM07210 · BLAGAB trade profits: deduction for current and deferred policyholder tax: FA12/S106
  • LAM07220 · BLAGAB trade profits: expenses or receipts for deferred policyholder tax: FA12/S107
  • LAM07230 · BLAGAB trade profits: minimum profits test: FA12/S93
  • LAM07300 · Trading losses: non-BLAGAB
  • LAM07310 · Trading losses: BLAGAB: FA12/S123-127
  1. Trade Profits
  2. Trade profits: Trading losses: non-BLAGAB

LAM07300 | Trade profits: Trading losses: non-BLAGAB

From HM Revenue & Customs · Life Assurance Manual

The normal CTA10 loss rules apply to non-BLAGAB trading losses which are calculated in the same way as trade profits. This differs from BLAGAB trade losses, which are subject to the special rules described LAM07100 - LAM07220 and underlines the need for a separate calculation of BLAGAB and non-BLAGAB losses.

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