Section 1297 — Corporation Tax Act 2009: Basic life assurance and general annuity business

Basic life assurance and general annuity business 1297 1 This section applies if the employer is a company in relation to which the I - E rules apply . 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 For the purpose of calculating the adjusted BLAGAB management expenses of the company for the purposes of section 73 of FA 2012 , the employee benefit contributions are treated as expenses debited, in accordance with generally accepted accounting practice, in the accounts drawn up by the company for that period .

5 For the purposes of sections 1290 to 1296—

a any reference to a deduction for employee benefit contributions is to be read as a reference to an amount constituting ordinary BLAGAB management expenses of the company for the purposes of section 76 of FA 2012 , and b references to deduction are to be read in that light.