[LAM03230] Calculation of 'I' Income and chargeable gains: Transactions in shares: share pooling rules: FA12/S119-121
Life insurance companies have been active in acquiring equities over many decades. They are one of the largest groups of institutional shareholders and one of the largest categories of corporate investors taxed on profits on a chargeable gains basis. Most holdings in quoted companies are of ordinary shares, but life companies may also hold preference shares, particularly in unquoted companies.
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