73 The I-E BASIS
Finance Act 2012 (2012 c 14) | Legislation

Chapter 3
The I-E BASIS

Introduction

73  The I-E BASIS

This section sets out rules, in relation to the basic life assurance and general annuity business carried on by an insurance company, for determining whether the company has an I-E profit or excess BLAGAB expenses for an accounting period (and, if so, the amount of the profit or expenses).

Step 1

Calculate the income chargeable for the accounting period that is referable, in accordance with Chapter 4, to the company's basic life assurance and general annuity business.

The meaning

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