A life insurance company which sold its ‘own purchase shares’ was not prevented by the section from reclaiming the tax credits on associated income distributions. Citations: Times 17-May-2000, Gazette 31-May-2000 Statutes: Income and Corporation Taxes Act 1988 95 438(4) Jurisdiction: England and Wales Citing: See Also – Prudential Assurance Company Ltd v Bibby (Inspector of … Continue reading Bibby (Inspector of Taxes) v Prudential Assurance Co Ltd; Oakes (Inspector of Taxes) v Equitable Life Assurance Society: ChD 17 May 2000