Policy paper
Co-ownership authorised contractual schemes: changes to the capital gains deemed disposal rules for life insurance companies
This tax information and impact note makes changes to the existing tax rules for life insurance companies investing in a co-ownership authorised contractual scheme.
Documents
Details
This measure makes sure that a life insurance company is in a similar tax position regarding the treatment of capital allowances for capital gains calculations, whether they invest in:
- a co-ownership authorised contractual scheme
- the underlying assets directly
These changes are being introduced together with rules for a new type of investment fund, the Reserved Investor Fund.
Tax information and impact note for the Reserved Investor Fund.