Regulation 85S Long-term insurance funds of insurance companiesF1
(1)
No liability to tax arises under regulation 85M in respect of disposals of units of an insurance company’s long-term insurance fund.
(2)
In paragraph (1) “insurance company” and “long-term insurance fund” have the same meaning as in section 431(2) of ICTA.
Annotations
Textual amendments
- F1
Pt. 6A inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) (Amendment) Regulations 2010 (S.I. 2010/294), regs. 1(1), 21 (with regs. 25, 26)