66 Separate businesses for BLAGAB and other long-term business
Finance Act 2012 (2012 c 14) | Legislation

Chapter 2
Charge to Tax on I-E BASIS etc

Separate businesses etc

66  Separate businesses for BLAGAB and other long-term business

(1)     If an insurance company carries on—

(a)     basic life assurance and general annuity business, and

(b)     other long-term business,

the general rule is that business within paragraphs (a) and (b) is to be treated for corporation

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