The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999

Modification of section 214 of the Taxation of Chargeable Gains Act 1992

12.—(1) Section 214 of the Taxation of Chargeable Gains Act 1992 shall be modified as follows.

(2) In subsection (1)(c) (definition of “relevant linked liabilities”) after the words “general annuity business” there shall be inserted the words “, other than capital redemption business,”.