This section has no associated Explanatory Notes
218U.K.In Chapter 4 of Part 4 (property losses), after section 67A insert—
“Insurance companiesU.K.
67BExclusion in the case of property businesses of insurance companies
(1)This Chapter does not apply for the purpose of applying the I - E rules in relation to a loss made by an insurance company in any of its separate UK property businesses or overseas property businesses within section 86(4) of FA 2012.
(2)But in the case of a loss which is referable, in accordance with Chapter 4 of Part 2 of that Act, to the company's basic life assurance and general annuity business, see section 87(3) and (4) of that Act.”