# Corporation Tax Act 2009, Section 471: Creditors who are insurance companies carrying on BLAGAB

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

(1) This section sets out the conditions referred to section 468(1)(b)).
(2) Condition A is that the creditor is an insurance company carrying on basic life assurance and general annuity business in the accounting period.
(3) Condition B is that the asset representing the creditor relationship is matched for that period to a BLAGAB liability.
(4) Condition C is that conditions C, D and E in section 469 are met in relation to that asset.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/471 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-471
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.