LAM07000 - Trade Profits

This manual has yet to be updated for the interest restriction and changes to relief for carried forward losses introduced by Finance (No.2) Act 2017.

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