http://www.legislation.gov.uk/uksi/2004/2680/regulation/16/made

The Child Trust Funds (Insurance Companies) Regulations 2004

Business practice and regulation

Insurance

Income

Tax

Regulation and deregulation

King's Printer of Acts of Parliament

2016-04-26

CHILD TRUST FUNDS

These Regulations provide for the exemption from corporation tax of income and gains that arise to an insurance company providing child trust funds, so far as they relate to the company’s child trust fund business. They also provide for the profit from operating child trust fund business to be taxed in the same way as profits from the company’s Individual Savings Account business, and for losses arising one category to be set off against profits from the other.