Statute
Section 634 — Corporation Tax Act 2009: Insurance companies
Text of the provision Official document
Insurance companies 634 1 For the purposes of this Part, activities carried on by a company in the course of—
a any mutual insurance or other mutual business which is not life assurance business, ... b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . are treated as not constituting the whole or any part of a trade.
2 In the case of activities carried on by a company in the course of any basic life assurance and general annuity business, provision corresponding to that made by subsection (1) is made by section 88 of FA 2012 for the purpose of applying the I - E rules.
Official source: legislation.gov.uk
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