158 Transfers from friendly societies to insurance companies etc
Finance Act 2012 (2012 c 14) | Legislation

158  Transfers from friendly societies to insurance companies etc

(1)     If at any time an insurance company acquires by way of transfer of engagements from a friendly society any BLAGAB or eligible PHI business which—

(a)     relates to contracts made before that time, and

(b)     immediately before that time was exempt BLAGAB or eligible PHI business,

that business continues to be exempt from corporation tax (whether on income or chargeable gains) on profits arising from it.

(2)

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