CTHRepealedLegislation
Life Insurance (prudential standard) determination No. 5 of 2012
Recognition of tax benefitsRecognition of tax benefits
Start here
Get a plain-English read of Recognition of tax benefits
Turn the raw legal text into a practical explanation grounded in Life Insurance (prudential standard) determination No. 5 of 2012.
Recognition of tax benefits
17. Any tax benefits that would arise as a result of increasing the policy liabilities from the adjusted policy liabilities to the stressed policy liabilities should be assumed to be realisable for the purpose of determining the Insurance Risk Charge. An adjustment must be made to the prescribed capital amount when the capital charges are aggregated, if some or all of the tax benefits cannot be offset against deferred tax liabilities.