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EY 44: Policyholder income formula: when partial reinsurance exists
or “This rule about calculating policyholder income with partial reinsurance no longer applies”
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.

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Next up: EY 46: Income from disposal of property

or “Deleted rule about income from selling property”
Next

Part E Timing and quantifying rules
Life insurance rules: Transitional adjustments and annuities

EY 45Policyholder income formula: when life insurance business transferred (Repealed)

    Notes
    • Section EY 45: repealed, on , by section 190(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).