Is the statement below always true?

I can use TRUNCATE TABLE as in the example below and I am guaranteed
that if INSERT fails for some
reason, table Result will be restored to its initial (before the
transaction began) state?

In other words, can I rely on the fact that the transaction scope
prevents the pages from being reused (assuming there are no nested
transactions)?

BEGIN TRY
     BEGIN TRANSACTION
           TRUNCATE TABLE Result
           INSERT INTO Result
           SELECT * FROM Work
     COMMIT TRANSACTION
END TRY
BEGIN CATCH
     IF XACT_STATE() <> 0
           ROLLBACK TRANSACTION;
END CATCH

Thanks,

-Igor Binder