# The Overseas Life Insurance Companies Regulations 2006, Regulation 14: Modifications of the Income and Corporation Taxes Act


In section 442A (taxation of investment return where risk reinsured) after subsection (6) insert—
“(7) In the case of an overseas life insurance company, the investment return treated as accruing under this section in any accounting period in relation to a policy or contract shall be treated as chargeable profits within section 11(2) of the Taxes Act 1988 where the policy or contract is one which in that accounting period gives rise, or but for the reinsurance arrangement would give rise, to such profits.”.

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Source: https://www.legislation.gov.uk/uksi/2006/3271/regulation/14 (the official version)
Page: https://openlegislation.uk/overseas-life-insurance-companies-regulations-2006/regulation-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.