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.
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General overview |
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The general rule: investment income treated as trading receipt |
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Exceptions to the general rule: investment income not always taxed as trade profits |
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UK dividends and other distributions: history and basic rule |
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UK dividends and other distributions exemption: dividend stripping: distributions made before 1 April 2008 |
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UK dividends and other distributions exemption: dividend stripping: distributions made on or after 1 April 2008: preference share lending |
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Interest and foreign dividends |
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Interest and foreign dividends: income received under deduction of tax |
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Use of trading losses against investment income |
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Corporate and government debt: accounting periods ending after 31 March 1996: introduction |
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Corporate and government debt: accounting periods ending after 31 March 1996: rules for insurance companies |
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Corporate and government debt: exchange differences: accounting periods ending after 31 March 1996 and beginning before 1 October 2002 |
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Corporate and government debt: exchange differences: accounting periods ending after 31 March 1996 and beginning on or after 1 October 2002 |
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Financial instruments: accounting periods beginning before 1 October 2002 |
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Derivative contracts: accounting periods beginning on or after 1 October 2002 |
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Investment gains: accounting periods beginning before 1 January 2002: gains and losses on equities and other non-debt assets |
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Investment gains: accounting periods beginning before 1 January 2002: portfolio assets and trading stock |
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Investment gains: accounting periods beginning before 1 January 2002: portfolio assets and trading stock: periods ending before 1 April 1996 |
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Investment gains: accounting periods beginning before 1 January 2002: the realisation basis |
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Investment gains: accounting periods beginning on or after 1 January 2002: transition from realisation basis: change of accounting basis |
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Investment gains: accounting periods beginning on or after 1 January 2002: transition from realisation basis: transitional measures |
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Investment gains: accounting periods beginning on or after 1 January 2002: transition from realisation basis: transfers of business |
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Investment gains: accounting periods beginning on or after 1 January 2002: transition from realisation basis: identification of part realisations |
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Investment gains: structural assets |
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Investment gains: paper for paper exchange of assets |
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Investment gains: paper for paper exchange of assets: section 473 ICTA 1988 |
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Investment gains: portfolio assets: anti avoidance provisions |
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Investment gains: portfolio assets: exchange differences |
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Investment gains: land and property |
