Insurance companies: minor amendments to TCGA 1992 and FA 2012
41In section 93 of FA 2012 (minimum profits test), at the end insert—
“(6)For the purposes of this section, assume that non-BLAGAB allowable losses cannot be deducted to any extent from BLAGAB chargeable gains (and, accordingly, assume that section 95 is not included in this Act).”