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HMRC internal manual

Capital Gains Manual

Groups: appropriations to and from trading stock: insurance companies

ICTA88/S440 (3)

Where an insurance company writing long term business is a member of a group, and assets are transferred between that company’s long term business fund and a fellow group member on or after 20 March 1990, ICTA88/S440 (3) provides that the special group rules for appropriations to and from trading stock do not apply to that disposal.