No 39 of 1997, Section 710, Link Report

Links from Section 710
Act	Linked to	Context
Insurance Act, 1989	index.html	(5)(a) Where under section 25(1) of the Insurance Act, 1989, an assurance company amalgamates its industrial assurance and life assurance funds, subsection (4) shall not apply to that company for any accounting period ending on or after the completion of the amalgamation and before the recommencement, if any, of a separate industrial assurance or life assurance fund.
Insurance Act, 1989	sec0025.html	(5)(a) Where under section 25(1) of the Insurance Act, 1989, an assurance company amalgamates its industrial assurance and life assurance funds, subsection (4) shall not apply to that company for any accounting period ending on or after the completion of the amalgamation and before the recommencement, if any, of a separate industrial assurance or life assurance fund.
Taxes Consolidation Act, 1997	sec0018.html	(1) Where the profits of an assurance company in respect of its life business are for the purposes of the Corporation Tax Acts computed in accordance with the provisions applicable to Case I of Schedule D, the following provisions shall apply:
Taxes Consolidation Act, 1997	sec0018.html	(i) subject to this subsection, the company shall be chargeable to corporation tax in respect of the profits of that business under Case I of Schedule D;
Taxes Consolidation Act, 1997	sec0018.html	(ii) notwithstanding subsection (1)(b), where apart from this subparagraph any part of those profits would be excluded in computing the income chargeable under Case I of Schedule D solely by virtue of that part being reserved for policyholders or annuitants, that part shall not be excluded in computing the income so chargeable;
Taxes Consolidation Act, 1997	sec0083.html	(i) management expenses or charges on income which apart from section 83(3) would be treated as respectively incurred for or paid in an accounting period ending before the day on which the amalgamation is completed, or
Taxes Consolidation Act, 1997	sec0239.html	(i) the company shall be deemed for the purposes of the Corporation Tax Acts to have made, in the year of assessment in which the sum is payable, an annual payment of an amount equal to the relevant amount in relation to the policy of assurance or the retirement benefits policy, as the case may be, and section 239 shall apply for the purposes of the charge, assessment and recovery of such tax,
Taxes Consolidation Act, 1997	sec0446.html	(i) section 446 has been deleted, and
Taxes Consolidation Act, 1997	sec0451.html	(2) (a) Subject to paragraph (b), ~~where a company’s trading operations consist solely of a foreign life assurance business~~ where a company’s trading operations on 31 December 2000 consisted solely of foreign life assurance business (within the meaning of section 451(1)) the following provisions shall apply:
Taxes Consolidation Act, 1997	sec0707.html	(4) Where an assurance company carries on both life assurance business and industrial assurance business, the business of each such class shall for the purposes of the Corporation Tax Acts be treated as though it were a separate business, and section 707 shall apply separately to each such class of business.
Taxes Consolidation Act, 1997	sec0707.html	(b) For the purposes of applying section 707, in so far as it is affected by—
Taxes Consolidation Act, 1997	sec0818.html#part34	(b) Where, in respect of a policy of assurance or a retirement benefits policy, a sum is payable by a company (otherwise than by reason of death or disability of the policyholder) to a policyholder who is resident or ordinarily resident in the State (within the meaning of Part 34), then—
Links to Section 710 (from within TaxSource Total)
Act	Linked from	Context
Taxes Consolidation Act, 1997	sec0420.html	(b) so as to reduce the profits of a claimant company which carries on life business (within the meaning of section 706) by an amount greater than the amount of such profits (before a set off under this subsection) computed in accordance with Case I of Schedule D and section 710(1).
Taxes Consolidation Act, 1997	sec0420A.html	(ii) so as to reduce the profits of a claimant company which carries on life business (within the meaning of section 706) by an amount greater than the amount of such profits (before a set off under this subsection) computed in accordance with Case 1 of Schedule D and section 710(1).
Taxes Consolidation Act, 1997	sec0594.html	(II) being a policy or contract which is an excluded policy issued or made, as the case may be, by a relevant company to which section 710(2) applies.
Taxes Consolidation Act, 1997	sec0644C.html	(ii) so as to reduce the profits of a claimant company which carries on life business (within the meaning of section 706) by an amount greater than the amount of such profits (before a set off under this subsection) computed in accordance with Case I of Schedule D and section 710(1).
Taxes Consolidation Act, 1997	sec0707.html	(1) Subject to sections 709 and 710, section 83 shall apply for computing the profits of a company carrying on life business, whether mutual or proprietary (and not charged to corporation tax in respect of it under Case I of Schedule D), whether or not the company is resident in the State, as that section applies in relation to an investment company, except that—
Taxes Consolidation Act, 1997	sec0707.html	(iv) sections 709(2), 710 and 714 shall, and section 396(5)(b) shall not, apply for the purposes of computing the profits of the life assurance business or the industrial assurance business, as the case may be, which would have been charged to tax under Case I of Schedule D.
Taxes Consolidation Act, 1997	sec0713.html	by attributing to policyholders or annuitants such fraction of that income as the fraction (in this subsection referred to as “the appropriate fraction”) of the profits of the company’s life business which, on a computation of such profits in accordance with the provisions applicable to Case I of Schedule D (whether or not the company is in fact charged to tax under that Case for the relevant accounting period or periods), would be excluded under section 710(1).
Taxes Consolidation Act, 1997	sec0713.html	(b) Where the franked investment income referred to in paragraph (a) exceeds the profits of the company’s life business as computed in accordance with the provisions applicable to Case I of Schedule D other than section 710, the part of the franked investment income attributable to policy holders or annuitants shall be the aggregate of—
Taxes Consolidation Act, 1997	sec0713.html	to which the company is entitled for the relevant accounting periods, as extended by sections 710 and 714 (whether or not the company is charged to tax under that Case), the part referred to in subsection (3) shall be the lesser of—
Taxes Consolidation Act, 1997	sec0715.html	(a)(i) subject to subparagraphs (ii), (iii) and (iv), subsection (1) of section 710 shall apply with the necessary modifications and in particular shall apply as if there were deleted from that subsection all references to policyholders other than holders of policies referable to pension business,
Taxes Consolidation Act, 1997	sec0730A.html	(6) Notwithstanding the provisions of Chapter 3 of Part 12, where an assurance company incurs a loss in respect of new basis business, the amount of the loss which may be set off against profits of any other business of the company shall not exceed such amount of those profits computed under the provisions of Case 1 of Schedule D and section 710.
Taxes Consolidation Act, 1997	sec0734.html	(ii) in which, except to the extent that such units are held by the undertaking itself, the qualifying management company of the undertaking, a company referred to in section 710(2), a specified company or another specified collective investment undertaking, all the holders of units in the undertaking are persons resident outside the State,