# The Offshore Funds (Tax) Regulations 2009, Regulation 27: Long-term insurance funds of insurance companies


(1) No liability to tax arises under regulation 17 in respect of disposals of assets 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 .

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Source: https://www.legislation.gov.uk/uksi/2009/3001/regulation/27 (the official version)
Page: https://openlegislation.uk/offshore-funds-tax-regulations-2009/regulation-27
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.