66 Election to continue postponement of mark to market
Finance Act 2002 (2002 c 23) | Legislation

66  Election to continue postponement of mark to market

(1)     Where section 65 (postponement of change to mark to market in certain cases) applies in relation to a period of account, the company may elect that it shall continue to apply in relation to subsequent periods of account as regards assets held by it on 1st January 2002.

Any such election must be made within twelve months after the end of the accounting period of the company current on that date.

(2)     An insurance company that

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