167 Demutualisation of insurance companies
Finance Act 2006 (2006 c 25) | Legislation

167  Demutualisation of insurance companies

(1)     Schedule 7 to FA 2003 (stamp duty land tax: group relief etc) is amended as follows.

(2)     In paragraph 2 (restrictions on availability of group relief) in sub-paragraph (1) (no relief if arrangements by virtue of which a person has or could have control of purchaser but not vendor) at the end insert—

“For another exception to this, see sub-paragraph (3A).”.

(3)     In that paragraph after sub-paragraph (3) (arrangements which

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