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Intra-group transfers of long-term life insurance business

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HMRC has issued draft regulations for technical consultation until 11 September 2015 on proposed changes to the tax rules for intra-group transfers of long-term life insurance business to ensure that such transfers remain tax-neutral. The regulations specify that any unrelieved receipts and expenses transferred are calculated using an acceptable commercial method, and aim to provide for certainty of treatment and a more commercial method in calculating the transferor’s unrelieved receipts or expenses that pass to the transferee following a part transfer. See

Issue: 1273
Categories: News , Corporate taxes