Search Legislation

Finance Act 2012

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Paragraph 35A

 Help about opening options

Alternative versions:

Status:

Point in time view as at 16/11/2017.

Changes to legislation:

There are currently no known outstanding effects for the Finance Act 2012, Paragraph 35A. Help about Changes to Legislation

This section has no associated Explanatory Notes

[F135A.(1)Sub-paragraph (2) applies to assets which by reason of paragraph 35 (or the previous application of this paragraph) are regarded for the purposes of this Part as assets forming part of the long-term business fixed capital of a company (“company A”).U.K.

(2)Where—

(a)company A transfers all of its basic life assurance and general annuity business and non-BLAGAB business to another company (“company B”), and

(b)the transfer is a relevant intra-group transfer,

for the purposes of this Part the assets form part of the long-term business fixed capital of company B instead of company A.

(3)“Relevant intra-group transfer” has the same meaning for the purposes of this paragraph as it has for the purposes of paragraph 13.]

Back to top

Options/Help