Statute
Section 387 — Corporation Tax Act 2009: Treatment of deficit on basic life assurance and general annuity business: introduction
Text of the provision Official document
Treatment of deficit on basic life assurance and general annuity business: introduction 387 1 Sections 388 to 391 apply for the purposes of the I - E rules instead of Chapters 16 and 16A (non-trading deficits) if a company has a non-trading deficit from its loan relationships for BLAGAB for any accounting period.
2 In those sections “the deficit” and “the deficit period” mean that deficit and that period respectively.
Official source: legislation.gov.uk
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