Insurance companies: minor amendments to TCGA 1992 and FA 2012U.K.
40U.K.In section 210A of TCGA 1992, in subsection (10C), for the words from “In determining” to “an accounting period” substitute “ For the purposes of subsections (10A) and (10B) ”.
41U.K.In section 93 of FA 2012 (minimum profits test), at the end insert—
“(6)For the purposes of this section, assume that non-BLAGAB allowable losses cannot be deducted to any extent from BLAGAB chargeable gains (and, accordingly, assume that section 95 is not included in this Act).”