http://www.legislation.gov.uk/uksi/2005/3465/contents/made

The Insurance Companies (Corporation Tax Acts) (Amendment) Order 2005

Corporation tax

Tax

Business finance

Life insurance

Business practice and regulation

King's Printer of Acts of Parliament

2015-05-19

CORPORATION TAX

This Order amends Chapter 1 of Part 12 of the Income and Corporation Taxes Act 1988 (c. 1: “ICTA”) and other provisions of the Corporation Tax Acts relating to companies carrying on carrying on life assurance business, primarily to amend the apportionment rules in section 432A ICTA to ensure that income and gains of such a company’s inherited estate are not attributed to any category of business where the income and gains would be exempt from tax.