Corporation Tax Act 2009 section 569

Restriction on debits on old contracts: non-fair value accounting cases

Section 569 restricts the tax debits that a company can recognise on an old investment life insurance contract where the company does not use fair value accounting and the contract's carrying value exceeded its fair value at the start of the first relevant accounting period.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.