Finance Act 2012 (c. 14)

PART 2 U.K. Insurance companies carrying on long-term business

CHAPTER 8 U.K. Assets held for purposes of long-term business

Long-term business fixed capital U.K.

122 Assets forming part of long-term business fixed capital U.K.

For the purposes of this Chapter assets that form part of the long-term business fixed capital of an insurance company are to be regarded as assets held by the company otherwise than for the purposes of its long-term business.