# Finance Act 2012, Paragraph 78


In section 185 (deemed disposal of assets on company ceasing to be UK resident), after subsection (4) insert—
“(4A) Subsection (4) applies to an overseas life insurance company in the case of its long-term business with—
(a) the omission from paragraph (a) of the words “are situated in the United Kingdom and”; and
(b) the omission from paragraph (b) of the words “are so situated and”.”

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Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/78 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-16/paragraph-78
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.