# Corporation Tax Act 2009, Section 387: Treatment of deficit on basic life assurance and general annuity business: introduction

Extent: E+W+S+N.I.

(1) Sections 388 to 391 apply for the purposes of the I - E rules instead of Chapters 16 and 16A (non-trading deficits) if a company has a non-trading deficit from its loan relationships for BLAGAB for any accounting period.
(2) In those sections “the deficit” and “the deficit period” mean that deficit and that period respectively.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/387 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-387
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.