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Legislation
Corporation Tax Act 2009

Crossheading Relief for expenses of management

  • Section 1219 Expenses of management of a company's investment business
  • Section 1220 Meaning of “unallowable purpose”
  • Section 1221 Amounts treated as expenses of management
  • Section 1222 Income from a source not charged to tax
  • Section 1223 Carrying forward expenses of management and other amounts
  • Section 1223A Exception for basic life assurance and general annuity business
  1. Relief for expenses of management
  2. Exception for basic life assurance and general annuity business

Section 1223A | Exception for basic life assurance and general annuity business

From legislation.gov.uk

(1)Sections 1219 to 1223 do not apply in relation to an accounting period of an insurance company with investment business so far as the business consists of basic life assurance and general annuity business.

(2)See instead the rules set out in Chapter 3 of Part 2 of FA 2012.

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