Related HMRC Manuals

85(1)  If–

(a)a payment in respect of an annuity is made by an insurance company under a group annuity contract made in a pre-1992 accounting period, and

(b)the company's liabilities first include an amount in respect of that annuity in a post-1992 accounting period,

the payment is treated for the purposes of section 83(3)(b) as if the contract had been made in a post-1992 accounting period.

85(2)  If–

(a)a payment in respect of an annuity is made by a re-insurer under a reinsurance treaty made in a pre-1992 accounting period, and

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