http://www.legislation.gov.uk/ukpga/1997/58/schedule/3/crossheading/section-436-of-the-taxes-act-1988/2007-04-06Finance (No. 2) Act 1997An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.1997-07-31texttext/xmlenStatute Law Database2024-04-02Expert Participation2007-04-06 SCHEDULESSCHEDULE 3 Insurance companies and friendly societies Section 436 of the Taxes Act 19885(1)

In section 436 of the Taxes Act 1988 (pension business: separate charge on profits) in subsection (3), paragraphs (d) and (e) (which make provision, for the purposes of the computation of profits arising from pension business, for group income and non-qualifying distributions to be left out of account) shall cease to have effect.

(2)

This paragraph has effect in relation to distributions made on or after 2nd July 1997.

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<p>In section 436 of the Taxes Act 1988 (pension business: separate charge on profits) in subsection (3), paragraphs (d) and (e) (which make provision, for the purposes of the computation of profits arising from pension business, for group income and non-qualifying distributions to be left out of account) shall cease to have effect.</p>
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