Timing and quantifying rules - Life insurance rules - Transitional adjustments and annuities
EY 45: Policyholder income formula: when life insurance business transferred
You could also call this:
“This rule about calculating policyholder income for transferred life insurance businesses is no longer in use”
This part of the law used to explain how to calculate policyholder income when a life insurance business was transferred. However, you don’t need to worry about it anymore because it was removed from the law on 1 July 2010. If you want to know more about the current rules for life insurance businesses, you should look at other parts of the Income Tax Act 2007.
