Part 6Relationships treated as loan relationships etc
Chapter 11Investment life insurance contracts
Old accounting period contracts
566Introduction
(1)
This section and sections 567 to 569 apply if the relevant company was a party to an investment life insurance contract immediately before the beginning of the first accounting period of the company beginning on or after 1 April 2008.
(2)
In those sections—
“the first accounting period” means the first accounting period of the company beginning on or after F31 April 2008, and
“the old contract” means the contract mentioned in subsection (1).