Compare documents

Income tax: insurance: does the date of commencement of risk of a policy of life assurance recommence as a result of a Court approved merger or takeover of a life assurance company where the policy holder is issued with a replacement policy by the merged or acquiring life assurance company?

No. Providing the replacement policy merely reflects the change of name of the life assurance company liable under the policy, and the original contractual terms are otherwise unaltered, the 'date of commencement of risk' of the policy (as defined in subsection 26AH(1)), does not recommence.

Choose document B