Version Superseded: 17/07/2012
Point in time view as at 01/04/2008.
Finance Act 2007, Paragraph 36 is up to date with all changes known to be in force on or before 03 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
36(1)Section 444AC (transfers of business: excess of assets or liabilities) is amended as follows.U.K.
(2)In subsection (2B)—
(a)for “each category of its life assurance business” substitute “ its gross roll-up business ”,
(b)for “a category of the transferee's life assurance business” substitute “ the transferee's gross roll-up business ”, and
(c)for “that category” substitute “ gross roll-up business ”.
(3)In subsection (2D), for “a category of its life assurance business” substitute “ its gross roll-up business ”.
(4)In subsection (10), in the definition of “the transferor's business”, for paragraph (b) substitute—
“(b)its gross roll-up business.”
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
