513 Special rules for part surrenders and assignments in final insurance year
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

513  Special rules for part surrenders and assignments in final insurance year

(1)     This section applies if—

(a)     the calculation in section 511 falls to be made in relation to a relevant transaction occurring in the final insurance year,

(b)     the total transaction value for that transaction exceeds the gains limit (see subsections (2) and (3)), and

(c)     paragraph (b)

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