The Insurance Companies (Taxation of Re-insurance Business) Regulations 2018

1. Introductory Text

2. PART 1

   1. 1. Citation and commencement

   2. 2. Interpretation

   3. 3. Application to new re-insurance arrangements

3. PART 2

   1. 4. Section 57 of the Act and excluded business

   2. 5. Excluded business: group companies in the UK

   3. 6. Excluded business: overseas companies

4. PART 3

   1. 7. Section 90 of the Act – tax treatment of the cedant - prescribed arrangements

   2. 8. Excluded and non-excluded business

   3. 9. Cedant and re-insurer being group companies: re-insurer not resident in the UK

   4. 10. Non-investment risk arrangements

   5. 11. Re-insurance of protection business and of immediate needs annuities

5. PART 4

   1. 12. Section 90(4) - amount of investment returns

6. PART 5

   1. 13. Reducing the I minus E profit

7. PART 6

   1. 14. Insurance business transfers

8. PART 7

   1. 15. Amendment

9. Signature

10. 1. SCHEDULE

       Investment returns

       1. 1. The provisions of this Schedule— (a) set out the amount...

       2. 2. Except as provided by paragraphs 3 and 4, the investment...

       3. 3. Except for the APC in which the re-insurance arrangement ends,...

       4. 4. For the APC in which the re-insurance arrangement ends, the...

       5. 5. Step 1: calculate the total (“the step 1 total”) of—...

       6. 6. Step 2: calculate the amount of the investment return which...

       7. 7. Step 3: if— (a) the step 2 total exceeds the...

       8. 8. In this Schedule— “ceased policies or contracts” means those policies...

11. Explanatory Note