# Finance Act 2012, Section 141: Index of defined terms, etc


(1) In this Part the following expressions are defined or otherwise explained by the provisions indicated—
Expression
Where explained
basic life assurance and general annuity business (abbreviated to “BLAGAB”)
sections 57 and 67(5)
BLAGAB trade loss
section 136
BLAGAB trade profit
section 136
closing
section 139(1)
contract of insurance
section 64
contract of long-term insurance
section 64
debiting or crediting an amount in accounts drawn up by a company
section 139(2) and (3)
derivative contract
section 139(1)
excess BLAGAB expenses
section 73
fair value
section 139(1)
HMRC Commissioners
section 139(1)
I - E profit
section 73
the I - E rules
section 70(1) and (2)
insurance business transfer scheme
section 139(1)
insurance company
section 65
insurance special purpose vehicle
section 139(1)
liabilities
section 139(1)
life assurance business
section 56
long-term business
section 63(1)
long-term business fixed capital
section 137
matched (in case of assets matched to a BLAGAB liability or other long-term business liability)
section 138
non-BLAGAB long-term business
sections 66 and 67
non-taxable distributions
section 94(4) and (5)
overseas life insurance company
section 139(1)
PHI business
section 63(2)
re-insurance
section 139(1)
UK life insurance company
section 139(1)
with-profits fund
section 139(1)
(2) The expressions in the above table have the same meaning in any other provision of the Corporation Tax Acts that makes special provision in relation to—
(a) insurance companies,
(b) any category of life assurance business carried on by insurance companies, or
(c) long-term business carried on by insurance companies.

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Source: https://www.legislation.gov.uk/ukpga/2012/14/section/141 (the official version)
Page: https://openlegislation.uk/finance-act-2012/section-141
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.