# Income and Corporation Taxes Act 1988, Section 432: Separation of different categories of business.

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

(1) Where an insurance company carries on life assurance business in conjunction with insurance business of any other category, the life assurance business shall, for the purposes of the Corporation Tax Acts, be treated as a separate business from any other category of business carried on by the company.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/1988/1/section/432 (the official version)
Page: https://openlegislation.uk/income-and-corporation-taxes-act-1988/section-432
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.