Section 1223A Exception for basic life assurance and general annuity businessF1

(1)

Sections 1219 to 1223 do not apply in relation to an accounting period of an insurance company with investment business so far as the business consists of basic life assurance and general annuity business.

(2)

See instead the rules set out in Chapter 3 of Part 2 of FA 2012.

Annotations

Textual amendments

F1: S. 1223A inserted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 207

Notes on Chapter 2

Modifications

C1: Pt. 16 Ch. 2 modified by 2010 c. 4, s. 676AJ(2) (as inserted (with effect in accordance with Sch. 4 para. 190 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 4 para. 75)