Section 386 Overview of Chapter

provides for special rules to apply F1 for the purposes of the I - E rules in relation to an insurance company's non-trading deficits referable to BLAGAB instead of those in Chapter 16 (see sections 387 to 391), and

excludes some loan relationships of corporate members of Lloyd's from this Part (see section 392), F2...

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section 298(3) (under which activities carried on by a company in the course of mutual insurance business which is not life assurance business F3... are treated as not constituting a trade or part of a trade) F4and section 88 of FA 2012 (equivalent rule for activities carried on in the course of BLAGAB),

Chapter 4 (continuity of treatment on transfers within groups or on reorganisations), and, in particular, sections 335(1) and (2), 336(4) and 337,

section 405 (certain non-UK residents with interest on 3½% War Loan 1952 Or After),

sections 468 and 471 (connection between creditor and debtor companies to be ignored in some cases where creditor is insurance company carrying on BLAGAB),

section 483(6) (treatment of deferred acquisition costs and provision for unearned premiums or for unexpired risks as a money debt for the purposes of Chapter 2 of Part 6 in the case of companies carrying on insurance business), and

section 486(4) (no exchange gains or losses to arise for the purposes of that Chapter where relevant debts prevented from being deductible F5as ordinary BLAGAB management expenses).