The Insurance Companies (Taxation of Re-insurance Business) Regulations, SI 2018/538, update and replace the 1995 regulations concerning the taxation of investment returns from basic life assurance and general annuity business (BLAGAB), where life insurance companies re-insure this business, with
The Insurance Companies (Taxation of Re-insurance Business) Regulations, SI 2018/538, update and replace the 1995 regulations concerning the taxation of investment returns from basic life assurance and general annuity business (BLAGAB), where life insurance companies re-insure this business, with effect from 1 June 2018.
The new regime introduced by Finance Act 2012 includes rules providing for the imputation of an investment return in certain circumstances. The regulations set out when a re-insurer’s business will be taxed as BLAGAB, when a return will be imputed to the life insurer, and the formula for calculating the imputed return.
HMRC consulted on a draft version during February and March.
The Insurance Companies (Taxation of Re-insurance Business) Regulations, SI 2018/538, update and replace the 1995 regulations concerning the taxation of investment returns from basic life assurance and general annuity business (BLAGAB), where life insurance companies re-insure this business, with
The Insurance Companies (Taxation of Re-insurance Business) Regulations, SI 2018/538, update and replace the 1995 regulations concerning the taxation of investment returns from basic life assurance and general annuity business (BLAGAB), where life insurance companies re-insure this business, with effect from 1 June 2018.
The new regime introduced by Finance Act 2012 includes rules providing for the imputation of an investment return in certain circumstances. The regulations set out when a re-insurer’s business will be taxed as BLAGAB, when a return will be imputed to the life insurer, and the formula for calculating the imputed return.
HMRC consulted on a draft version during February and March.
