Related Commentary  Related HMRC Manuals

211(1)  This section applies where an insurance business transfer scheme has effect to transfer business which consists of the effecting or carrying out of contracts of long-term insurance from one person (“the transferor”) to another (“the transferee”).

211(1A)  [Repealed by FA 2003, s. 216 and Sch. 43, Pt. 3(12).]

211(2)  Where this section applies the transferor and the transferee are treated for the purposes of corporation tax on chargeable gains as if any assets included in the transfer which–

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