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Legislation
The Offshore Funds (Tax) Regulations 2009

CHAPTER 3 EXCEPTIONS ETC. FROM THE CHARGE TO TAX

  • Section 25 Exceptions from the charge
  • Section 26 Trading stock etc.
  • Section 27 Long-term insurance funds of insurance companies
  • Section 28 Loans other than participating loans
  • Section 29 Interests in transparent funds
  • Section 30 Rights in certain existing holdings
  • Section 31 Charitable companies and charitable trusts
  • Section 31A Unlisted trading company exception
  • Section 31B Unlisted trading company exception: the investment condition
  • Section 31C Unlisted trading company exception: further provision
  1. Chapter 3 · EXCEPTIONS ETC. FROM THE CHARGE TO TAX
  2. Long-term insurance funds of insurance companies

Regulation 27 | Long-term insurance funds of insurance companies

From legislation.gov.uk

(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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