LAM01000 - Introduction and long-term insurance business overview

This manual has yet to be updated for the interest restriction and changes to relief for carried forward losses introduced by Finance (No.2) Act 2017.

1. LAM01010

   Introduction to this manual
2. LAM01060

   Background and purpose
3. LAM01070

   Types of life insurance products
4. LAM01080

   Taxation of products
5. LAM01090

   Life insurance regulation: Solvency II, PRA and FCA
6. LAM01100

   Life company accounting: basic overview
7. LAM01120

   Commercial background to the tax regime
8. LAM01130

   Key concepts: a simplified overview: FA12/S55
9. LAM01140

   Key concepts: tax definitions of business categories: FA12/S56-63
10. LAM01150

    Key concepts: tax definitions of ‘contract of insurance’, ‘contract of long-term insurance’ and ‘insurance company’: FA12/S64-65
11. LAM01160

    Key concepts: simplified example of the I-E calculation
12. LAM01170

    Background to introduction of the FA12 life tax regime
13. LAM01180

    Abbreviations