99 Allocation of expenses etc in calculations under section 35 of CTA 2009
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

99  Allocation of expenses etc in calculations under section 35 of CTA 2009

(1)     Subsection (2) has effect if—

(a)     an insurance company carries on any category of insurance business in a period of account,

(b)     a calculation in accordance with the provisions applicable for the purposes of section 35 of CTA 2009 (charge on trade profits) falls to be made in relation to that category of business for that period, and

(c)     there arises to the company in that period any income or gain in respect of which credit for foreign tax is to be allowed under the arrangements.

(2)     The amount of the credit for foreign tax which, under the arrangements, is

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