Section 566 — Corporation Tax Act 2009: Introduction

Introduction 566 1 This section and sections 567 to 569 apply if the relevant company was a party to an investment life insurance contract immediately before the beginning of the first accounting period of the company beginning on or after 1 April 2008.

2 In those sections— “ the deemed surrender ” means the surrender of all the rights under that contract that the relevant company was deemed for the purposes of Chapter 2 of Part 13 of ICTA (life policies etc) to have made ... under paragraph 6(1) of Schedule 13 to FA 2008 ..., “ the first accounting period ” means the first accounting period of the company beginning on or after 1 April 2008 , and “ the old contract ” means the contract mentioned in subsection (1).