LAM17220 | Modifications of the insurance company rules: SI2012/3008

In addition to the specific friendly society legislation covered in LAM17000, there are numerous modifications made to the tax rules elsewhere to accommodate friendly societies. Most of these modifications are in the Friendly Societies (Modifications of the Tax Acts) Regulations 2012 (SI2012/3008).

These modifications also apply to an insurance company that has had transferred to it by a friendly society business that was tax exempt business in the friendly society.