# Finance Act 2012, Paragraph 218


In Chapter 4 of Part 4 (property losses), after section 67A insert—
“Insurance companies
Exclusion in the case of property businesses of insurance companies
67B (1) This Chapter does not apply for the purpose of applying the I - E rules in relation to a loss made by an insurance company in any of its separate UK property businesses or overseas property businesses within section 86(4) of FA 2012.
(2) But in the case of a loss which is referable, in accordance with Chapter 4 of Part 2 of that Act, to the company's basic life assurance and general annuity business, see section 87(3) and (4) of that Act.”

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Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/218 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-16/paragraph-218
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.