Finance Act 2012

72Companies carrying on only PHI businessU.K.
This section has no associated Explanatory Notes

Nothing in—

(a)this Part, or

(b)any other provision of the Corporation Tax Acts that makes special provision in relation to, or by reference to, long-term business carried on by insurance companies,

is to apply in relation to a company which carries on long-term business which consists wholly of PHI business.