85 General annuity business: payments made in pre-1992 accounting periods
Finance Act 2012 (2012 c 14) | Legislation

85  General annuity business: payments made in pre-1992 accounting periods

(1)     If—

(a)     a payment in respect of an annuity is made by an insurance company under a group annuity contract made in a pre-1992 accounting period, and

(b)     the company's liabilities first include an amount in respect of that annuity in a post-1992 accounting period,

the payment is treated for the purposes of section 83(3)(b) as

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