Income and Corporation Taxes Act 1988 (c. 1)

SCHEDULES

SCHEDULE 19ABA U.K. MODIFICATION OF LIFE ASSURANCE PROVISIONS OF THE CORPORATION TAX ACTS IN RELATION TO BLAGAB GROUP REINSURERS

Part 3 U.K. MODIFICATION OF THE FINANCE ACT 1989

Modification of section 83A (meaning of brought into account) U.K.

21 (1) Modify section 83A (meaning of “brought into account”) as follows.

(2) For subsection (2) substitute—

“(2) The accounts recognised for the purposes of those sections are—

(a) such technical accounts (or such parts of those accounts) included in the IAD accounts, or

(b) such parts of the income statements included in the IAS accounts,

as relate to the whole of the company's long-term business.”.

(3) Omit subsections (3) to (4).