119 UK life insurance companies
Finance Act 2012 (2012 c 14) | Legislation

Share pooling rules

119  UK life insurance companies

(1)     If the assets of a UK life insurance company include securities of a class all of which would, but for this section, be regarded as one holding for the purposes of corporation tax on chargeable gains, the following pooling rules apply instead for those purposes—

(a)     so many of the securities so far as matched to BLAGAB liabilities of the company are treated as a separate holding,

(b)     so many of the securities so far as matched to other

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