564 Section 563: interpretation
Corporation Tax Act 2009 (2009 c 4) | Legislation

564  Section 563: interpretation

(1)     In section 563 “BLAGAB contract” means a contract forming part of basic life assurance and general annuity business of an insurance company but not part of business which is exempt from corporation tax under [section 158 of FA 2012] (friendly society business and former friendly society business).

(2)     For the purposes of section 563 a contract is subject to a relevant comparable

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