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Finance Act 2012
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- UK Public General Acts
- 2012 c. 14
- PART 2
- CHAPTER 1
- Meaning of “long-term business”...
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Changes over time for: Cross Heading: Meaning of “long-term business” and “PHI business”
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Meaning of “long-term business” and “PHI business”U.K.
63Meaning of “long-term business” and “PHI business”U.K.
(1)For the purposes of this Part “long-term business” means—
(a)life assurance business, or
(b)other business which consists of the effecting or carrying out of contracts of long-term insurance.
(2)For the purposes of this Part “PHI business” means the other business mentioned in subsection (1)(b).
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