PART 2THE TREATMENT OF PARTICIPANTS IN NON-REPORTING FUNDS
CHAPTER 3EXCEPTIONS ETC. FROM THE CHARGE TO TAX
Long-term insurance funds of insurance companies27
1
No liability to tax arises under regulation 17 in respect of disposals of assets of an insurance company's long-term insurance fund.
2
In paragraph (1) “insurance company” and “long-term insurance fund” have the same meaning as in section 431(2) of ICTA M1.