Policy paper
Corporation Tax: The Insurance Companies ("The Long-term Business Fixed Capital") Regulations 2023
This tax information and impact note clarifies the meaning of structural assets of an insurance company’s long-term business.
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These regulations make provisions to clarify which assets are to be regarded for the purposes of section 137 of Finance Act 2012 as being, or as not being, structural assets of an insurance company’s long-term business. They apply to accounting periods beginning on or after 1 January 2024.
You can also read the legislation and explanatory memorandum.
Updates to this page
Published 21 November 2023
Last updated 25 January 2024
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The Exchequer cost impact figures have been updated.
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First published.