GIM5000 - Taxation of the investment return
This section covers one of the more unusual features of the taxation of general insurers, namely the treatment of investment income and gains. See GIM4000+ for the broad framework of the taxation of general insurance.
| GIM5010 | Taxation of the investment return: general overview |
| GIM5020 | The general rule: investment income treated as trading receipt |
| GIM5030 | Exceptions to the general rule: investment income not always taxed as trade profits |
| GIM5040 | Dividends and other distributions: sale of shares as trading receipt |
| GIM5050 | Dividends and other distributions: dividend buying |
| GIM5060 | Interest and foreign dividends |
| GIM5070 | Interest and foreign dividends: income received under deduction of tax |
| GIM5080 | Use of trading losses against investment income |
| GIM5090 | Corporate and government debt: accounting periods ending after 31 March 1996: introduction |
| GIM5100 | Corporate and government debt: accounting periods ending after 31 March 1996: rules for insurance companies |
| GIM5110 | Corporate and government debt: accounting periods ending after 31 March 1996: periods beginning before 1 October 2002: exchange differences |
| GIM5120 | Corporate and government debt: accounting periods ending after 31 March 1996: periods beginning on or after 1 October 2002 |
| GIM5130 | Financial instruments: periods beginning before 1 October 2002 |
| GIM5140 | Financial instruments: periods beginning on or after 1 October 2002 |
| GIM5150 | Investment gains: periods of account beginning before 1 January 2002: gains and losses on assets other than debt – mainly shares |
| GIM5160 | Investment gains: periods of account beginning before 1 January 2002: portfolio assets and trading stock |
| GIM5170 | Investment gains: periods of account beginning before 1 January 2002: portfolio assets and trading stock: periods ending before 1 April 1996 |
| GIM5180 | Investment gains: periods of account beginning before 1 January 2002: the realisations basis |
| GIM5190 | Investment gains: periods of account beginning on or after 1 January 2002: transition from realisations basis: change of accounting basis |
| GIM5200 | Investment gains: periods of account beginning on or after 1 January 2002: transition from realisations basis: transitional measures |
| GIM5210 | Investment gains: periods of account beginning on or after 1 January 2002: transition from realisations basis: transfers of business |
| GIM5220 | Investment gains: periods of account beginning on or after 1 January 2002: transition from realisations basis: identification of part realisations |
| GIM5230 | Investment gains: structural assets |
| GIM5240 | Investment gains: paper for paper exchange of assets |
| GIM5250 | Investment gains: paper for paper exchange of assets: section 473 ICTA 1988 |
| GIM5260 | Investment gains: portfolio assets: anti avoidance provisions |
| GIM5270 | Investment gains: portfolio assets: exchange differences |
| GIM5280 | Investment gains: land and property |
