Summary

This manual provides guidance on the corporation tax treatment of insurance companies writing life assurance and other long-term insurance business. The guidance relates to the life tax regime introduced in Finance Act 2012 effective from 1 January 2013.

Contents

  1. LAM01000
    Introduction and long-term insurance business overview: contents
  2. LAM02000
    I-E Overview: Contents
  3. LAM03000
    Calculation of 'I' Income and chargeable gains: Contents
  4. LAM04000
    Calculating ‘E’ adjusted BLAGAB management expenses: Contents
  5. LAM05000
    Apportionment rules: Contents
  6. LAM06000
    I-E Profit: Calculation of the tax charge: Contents
  7. LAM07000
    Trade Profits: contents
  8. LAM08000
    Full example computation: contents
  9. LAM09000
    Double Tax Relief: contents
  10. LAM10000
    Reinsurance: Contents
  11. LAM11000
    Long-term Business Fixed Capital: contents
  12. LAM12000
    International and cross border: contents
  13. LAM13000
    Transfer of long-term business: Contents
  14. LAM14000
    Finance Act 2012 Transitional Provisions: contents
  15. LAM15000
    Excess expenses, losses and deficits
  16. LAM16000
    IFRS 17 Transitional Provisions
  17. LAM17000
    Friendly Societies