Section 130A — Corporation Tax Act 2009: Insurers in financial difficulties: write-down orders

Insurers in financial difficulties: write-down orders 130A 1 A receipt or expense that is attributable to the operation of a write-down order, or to a write-down order ceasing to have effect, is not brought into account in calculating the profits of a trade.

2 In this section “ write-down order ” means an order under section 377A of the Financial Services and Markets Act 2000 (court order writing down liabilities of insurer).