Corporation Tax Act 2009

725 (1) Amend Schedule 7 (insurance business: gross roll-up business etc) as follows. U.K.

(2) In paragraph 85—

(a) in sub-paragraph (1) omit “(a “Case VI loss”)” and “(a “Case I loss”)”, and

(b) in sub-paragraph (2)—

(i) for “Case VI losses” substitute “ losses so treated ”, and

(ii) for “Case I losses” substitute “ losses of the transferee ”.

(3) For the italic cross-heading before paragraph 85 substitute “ Losses transferred under section 444AZA ”.

(4) In paragraph 86(4) and (5) for “Case VI” substitute “ gross roll-up business ”.

(5) For the italic cross-heading before paragraph 86 substitute “ Losses transferred under section 444AZB ”.