Paragraph 57(2) of Schedule 8 to the Finance Act 1995, which provides that section 442A of the Taxes Act 1998 ‘does not apply in relation to the reinsurance of a policy or contract where the policy or contract was made, and the reinsurance arrangement effected, before 29 November 1994’, provided an indication that the opening clause of paragraph 55(2) referred to the underlying policy or contract. A reinsurance contract was not a ‘policy or contract’ within the relevant provisions.
Judges:
Peter Smith J
Citations:
[2002] STC 1020
Statutes:
Jurisdiction:
England and Wales
Citing:
Appealed to – Barrett (HM Inspector of Taxes) v Royal London Mutual Insurance Society Ltd CA 12-Jun-2003
The question arising was whether paragraph 55(2) of Schedule 8 to the Finance Act 1995, a reinsurance treaty entered into on 25 November 1994 by the taxpayer reinsurer with a non-resident cedant is, by virtue of the fact that policies of life . .
Cited by:
Appeal from – Barrett (HM Inspector of Taxes) v Royal London Mutual Insurance Society Ltd CA 12-Jun-2003
The question arising was whether paragraph 55(2) of Schedule 8 to the Finance Act 1995, a reinsurance treaty entered into on 25 November 1994 by the taxpayer reinsurer with a non-resident cedant is, by virtue of the fact that policies of life . .
Lists of cited by and citing cases may be incomplete.
Corporation Tax, Insurance
Updated: 21 June 2022; Ref: scu.183866