Taxes Consolidation Act 1997 section 720

Gains or losses arising by virtue of section 719

Section 720 provides for the spreading over seven years of chargeable gains and allowable losses arising on the annual deemed disposal and re-acquisition of a life company's assets under section 719.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.