(1)Subsections (1) and (5) to (9) of section 333B of the Income and Corporation Taxes Act 1988 (c. 1) (involvement of insurance companies and friendly societies with ISAs) have effect in relation to insurance companies and friendly societies as if child trust fund business were [F1plan business] (within the meaning of section 333B).
(2)“Child trust fund business”, in relation to an insurance company or friendly society, means business of the insurance company or friendly society that is attributable to child trust funds.
Textual Amendments
F1Words in s. 14(1) substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 628 (with Sch. 2)
Commencement Information
I1S. 14 in force at 6.4.2005 by S.I. 2004/3369, art. 2(1)