Related HMRC Manuals

129(1)  This section applies if–

(a)under an insurance business transfer scheme, there is a transfer of basic life assurance and general annuity business (or any part of that business) from one insurance company to another, and

(b)the transfer is a relevant intra-group transfer or is in connection with a demutualisation.

129(2)  A transfer is a “relevant intra-group transfer” if–

(a)the transferor and transferee are members of the same group of companies when the transfer occurs, and

(b)the transferee is within the charge to corporation tax in relation to the transfer.

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