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141Index of defined terms, etc
This section has no associated Explanatory Notes
(1)In this Part the following expressions are defined or otherwise explained by the provisions indicated—
| Expression | Where explained |
|---|---|
| basic life assurance and general annuity business (abbreviated to “BLAGAB”) | sections 57 and 67(5) |
| BLAGAB trade loss | section 136 |
| BLAGAB trade profit | section 136 |
| closing | section 139(1) |
| contract of insurance | section 64 |
| contract of long-term insurance | section 64 |
| debiting or crediting an amount in accounts drawn up by a company | section 139(2) and (3) |
| derivative contract | section 139(1) |
| excess BLAGAB expenses | section 73 |
| fair value | section 139(1) |
| HMRC Commissioners | section 139(1) |
| I - E profit | section 73 |
| the I - E rules | section 70(1) and (2) |
| insurance business transfer scheme | section 139(1) |
| insurance company | section 65 |
| insurance special purpose vehicle | section 139(1) |
| liabilities | section 139(1) |
| life assurance business | section 56 |
| long-term business | section 63(1) |
| long-term business fixed capital | section 137 |
| matched (in case of assets matched to a BLAGAB liability or other long-term business liability) | section 138 |
| non-BLAGAB long-term business | sections 66 and 67 |
| non-taxable distributions | section 94(4) and (5) |
| overseas life insurance company | section 139(1) |
| PHI business | section 63(2) |
| re-insurance | section 139(1) |
| UK life insurance company | section 139(1) |
| with-profits fund | section 139(1) |
(2)The expressions in the above table have the same meaning in any other provision of the Corporation Tax Acts that makes special provision in relation to—
(a)insurance companies,
(b)any category of life assurance business carried on by insurance companies, or
(c)long-term business carried on by insurance companies.
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