37(1)Section 444AF (demutualisation surplus: life assurance business) is amended as follows.U.K.
(2)In subsection (4)(b), for “sections 432C and 432D apply” substitute “ section 432C applies ”.
(3)In subsection (5)(b), for “the profits of any category of the company's life assurance business chargeable to tax under Case VI of Schedule D” substitute “ profits of the company chargeable under Case VI of Schedule D under section 436A (gross roll-up business) ”.