SCHEDULES
SCHEDULE 19ABAMODIFICATION OF LIFE ASSURANCE PROVISIONS OF THE CORPORATION TAX ACTS IN RELATION TO BLAGAB GROUP REINSURERS
Part 2MODIFICATIONS OF THIS ACT
Modification of section 444AEA (transfer schemes: anti-avoidance rule)
8F
In section 444AEA (transfer schemes: anti-avoidance rule), in subsection (6), in the definition of “surplus-increasing transfer of assets”, for “increases the amount of total surplus shown in line 39 of Form 58” substitute “
gives rise to an amount that increases the profits or reduces the losses shown
”
.