Definition of “insurance business transfer scheme”U.K.
1F1(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.
(2)In consequence of sub-paragraph (1), omit—
(a)the definition of “insurance business transfer scheme” in section 12(7B) of ICTA,
(b)section 444AB(11) of that Act (as originally enacted),
(c)in section 444AC(11) of that Act (as originally enacted), the definition of “insurance business transfer scheme”,
(d)section 460(10B) of that Act,
(e)the definition of “insurance business transfer scheme” in paragraph 12(9) of Schedule 9 to FA 1996,
(f)section 560(5)(b) of CAA 2001,
F2(g). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F2(h). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F3(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)In section 66 of FA 2002 (election to continue postponement of mark to market)—
(a)in subsection (4)(a), for “a transfer” substitute “ an insurance business transfer ”,
(b)in subsection (5), omit the definition of “transfer scheme”, and
(c)omit subsections (6) and (7).
F4(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Sch. 9 para. 1(1) omitted (17.7.2012) by virtue of Finance Act 2012 (c. 14), Sch. 16 para. 247(p)(iii)
F2Sch. 9 para. 1(2)(g)(h) repealed (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 3 Pt. 1 (with Sch. 2 Pts. 1, 2)
F3Sch. 9 para. 1(3) omitted (17.7.2012) by virtue of Finance Act 2012 (c. 14), Sch. 16 para. 247(p)(iii)
F4Sch. 9 para. 1(5) repealed (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 3 Pt. 1 (with Sch. 2 Pts. 1, 2)