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 432B (apportionment of receipts brought into account)

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(1)

Modify section 432B (apportionment of receipts brought into account) as follows.

(2)

In subsection (1) for “sections 432C to 432G” substitute “ sections 432C and 432G ”.

(3)

In subsection (2) for “sections 432C to 432G” substitute “ sections 432C and 432G ”.

(4)

Omit subsection (3).