Taxation of Chargeable Gains Act 1992
This section has no associated Explanatory Notes
86(1)Section 213 (spreading of gains and losses under section 212) is amended as follows.
(2)In subsection (1A), for “(in accordance with section 432A of the Taxes Act)” substitute “, in accordance with Chapter 4 of Part 2 of the Finance Act 2012,”.
(3)After subsection (4) insert—
“(4ZA)Subsection (4) applies in relation to an overseas life insurance company with the insertion after “long-term business” of the words “in the United Kingdom through a permanent establishment”.”