Taxation of Chargeable Gains Act 1992 section 214B

Modification of Act in relation to overseas life insurance companies

Section 214B provided for modifications to the Taxation of Chargeable Gains Act 1992 as it applied to overseas life insurance companies, but this section has been fully repealed.

• Section 214B modified how the chargeable gains rules applied specifically to life insurance companies based overseas.
• The section was repealed by the Overseas Life Insurance Companies Regulations 2006 (SI 2006/3271).
• The repeal took effect from 31 December 2006.
• The provisions of this section no longer have any legal force and are not applicable to any current tax computations.