Taxes Consolidation Act 1997 section 81B

Equalisation reserves for credit insurance and reinsurance business of companies

Section 81B provides for the tax treatment of equalisation reserves maintained by insurance companies underwriting credit insurance risks, allowing tax deductions for transfers into the reserve and treating transfers out as taxable receipts.

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.