LAM03050 - Calculation of ‘I’ Income and chargeable gains: Other potential sources of income and gains: intra-life company and intragroup transfers, substantial shareholdings exemption (SSE)

The table below summarises some of the other features of the I-E system that require special attention as they can generate income or gains on transfers intra-company or different results from non-life companies on transfers between group companies and on external disposals of subsidiaries.

Other potential sources of income and gains	Tax Treatment
Transfers of chargeable assets within a life company	Special rules apply which can trigger chargeable gains in situations where assets do not transfer out of the life company LAM03210
Transfers of chargeable assets to, or from, a life company within a group	The intragroup transfer rules are modified for life companies LAM03220
Disposals of subsidiaries or associates	The substantial shareholdings exemption is modified for life companies – LAM03720

The life company specific rules for computing BLAGAB income are summarised in LAM03030 and for BLAGAB capital gains rules in LAM03200.