{
  "url": "https://openlegislation.uk/overseas-life-insurance-companies-regulations-2006/note",
  "json_url": "https://openlegislation.uk/overseas-life-insurance-companies-regulations-2006/note.json",
  "legislation": "uksi/2006/3271",
  "legislation_title": "The Overseas Life Insurance Companies Regulations 2006",
  "legislation_url": "https://openlegislation.uk/overseas-life-insurance-companies-regulations-2006",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations replace the Overseas Insurance Companies Regulations 2004 (S.I. 2004/2200, as amended by S.I. 2005/3375) and other provisions which modify legislation relating to the taxation of overseas life insurance companies (insurance companies resident outside the United Kingdom which carry out life assurance business in the United Kingdom through a permanent establishment).\nThese Regulations set out all the modifications required to the Corporation Tax Acts so that provisions relating to UK companies carrying on life assurance business apply appropriately to overseas life insurance companies. Different provision are made in some cases for EEA firms and Treaty firms.\nRegulation 1 provides for the citation, commencement and effect of the Regulations.\nRegulations 3 to 18 contain the modifications to the Income and Corporation Taxes Act 1988.\nRegulations 19 to 26 contain the modifications to the Finance Act 1989.\nRegulations 27 to 32 contain the modifications to the Taxation of Chargeable Gains Act 1992.\nRegulation 33 contains the modifications to the Finance (No. 2) Act 1992.\nRegulation 34 contains the modification to the Finance Act 1995.\nRegulation 35 contains the modification to the Finance Act 1996.\nRegulation 36 contains the modifications to the Capital Allowances Act 2001.\nRegulations 37 to 41 contain the modifications to the Finance Act 2002.\nRegulation 42 contains the modifications to the Insurance Companies (Overseas Life Assurance Business) (Compliance) Regulations 1995 (S.I. 1995/3237).\nRegulation 43 introduces the Schedule which lists the provisions repealed and revoked by these Regulations.\nThese Regulations do not impose new costs on business.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2006/3271/note",
    "retrieved_at": "2026-10-29T04:13:42.770247+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}