Skip to main content
Normal View

Special Committee Corporation Tax Bill, 1975 debate -
Wednesday, 18 Feb 1976

SECTION 37.

Question proposed: " That section 37 stand part of the Bill."

This section provides special rules for taxing the chargeable gains of a life assurance company in so far as a share of those gains is reserved for the company's policy holders. Under this section the gains attributable to policy holders are segregated from those of the shareholders. Each is dealt with separately in charging the company to corporation tax on the total gains.

Question put and agreed to.
Top
Share