Related HMRC Manuals

211B(1)  Subsection (2) applies if–

(a)an asset of an insurance company is made subject to a collective investment scheme which is–

(i)an authorised contractual scheme which is a co-ownership scheme, or

(ii)a relevant offshore fund,

(b)that is wholly in exchange for the company being issued with units in the scheme, and

(c)the condition in subsection (3) is met.

211B(2)  For the purposes of corporation tax on chargeable gains, the company is to be treated–

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