Commentary

D7.444A Transfers of assets to collective investment schemes

Corporate tax
Corporate tax | Commentary

D7.444A Transfers of assets to collective investment schemes

Corporate tax | Commentary

D7.444A Transfers of assets to collective investment schemes

The rules in this division apply for accounting periods beginning on or after 1 January 2013. For accounting periods beginning before 1 January 2013 see Division D7.5.

In 2011 the government introduced measures drafted in conjunction with the asset management industry designed to facilitate investment into collective investment schemes, Among these measures were specific rules for life insurers transferring into such vehicles on or after 8 June 20131.

From that date no chargeable gain or allowable loss arises on an asset held for the purpose of a company's long-term business transferred to a co-ownership

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