Interpretation
2. In these Regulations–
“capital redemption business” means any capital redemption business within the meaning of section 458 of the Taxes Act(1) other than business referred to in subsection (4) of that section;
“the life assurance provisions of the Corporation Tax Acts” shall be construed in accordance with section 458A(4) of the Taxes Act;
“the Taxes Act” means the Income and Corporation Taxes Act 1988.
(1)
Section 458 was amended by paragraph 16 of Schedule 15 to the Finance Act 1991 (c. 31), paragraph 7 of Schedule 16 to the Finance Act 1994 (c. 9), and section 168(1) of, and paragraph 2 of Schedule 33 and Part V(26) of Schedule 41 to, the Finance Act 1996.