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Finance Act 1989 is up to date with all changes known to be in force on or before 25 August 2024. There are changes that may be brought into force at a future date.
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Part II Income Tax, Corporation Tax and Capital Gains Tax
82D.Treatment of profits: life assurance — adjustment consequent on change in Insurance Prudential Sourcebook
82E.Section 82D: treatment of transferors under insurance business transfer schemes
82F.Section 82D: treatment of transferees under insurance business transfer schemes
83YA.Changes in value of assets brought into account: non-profit companies
83YB.Meaning of “appropriate line 51 amount” for purposes of s.83YA
83YE.Regulations: apportionment and redefining “financial reinsurance arrangement”
83B.Changes in recognised accounts: attribution of amounts carried forward under s.432F of Taxes Act 1988
83AA. Amounts added to long term insurance fund of a company in excess of that company’s loss.
83AB. Treatment of surplus where there is a subsequent transfer of business from the company etc.
84. Interpretation of sections 85 to 89 and further provisions about insurance companies.
85. Charge of certain receipts of basic life assurance business.
88A. Lower corporation tax rate on certain insurance company profits.
89A. Modification of sections 82 to 83A, 88 and 89 in relation to overseas life insurance companies.
Part III Miscellaneous and General
SCHEDULES
5.The following section shall be substituted for section 21 (refund...
6.(1) The following section shall be inserted in the ValueAdded...
7.In section 42 (adjustment of consideration on changes in tax)...
8.In section 45(4) (orders etc.) of the Value Added TaxAct...
9.In section 48 (interpretation) of the Value Added Tax Act...
10.In Schedule 1 (registration) to the Value Added Tax Act...
3.After section 177 there shall be inserted— Death of scheme...
4.(1) Section 178 (cancellation of registration) shall be amended as...
9.(1) Paragraph 7 of Schedule 8 (no payments for employees...
10.(1) Paragraphs 13(2) and 14(2) of Schedule 8 (which provide...
12.In paragraph 14 of Schedule 8 (calculation of distributable pool...
14.(1) Paragraph 19 of Schedule 8 (profit and loss account...
15.After paragraph 20 of Schedule 8 there shall be inserted—...
Amendments of Chapter I of Part XII of Taxes Act 1988 (InsuranceCompanies)
2.Section 433 (profits reserved for policy holders or annuitants) shallcease...
3.(1) In section 434 (franked investment income etc.), for subsection...
4.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.Section 435 (taxation of gains reserved for policy holders and...
6.In section 436 (annuity and pension business: separate charge on...
Modification of sections 82 TO 83A, 88 and 89 in relation to overseas life insurance companies
1. Modification of sections 82 TO 83A, 88 and 89 in relation to overseas life insurance companies
1ZA. Modification of sections 82 TO 83A, 88 and 89 in relation to overseas life insurance companies
1ZB. Modification of sections 82 TO 83A, 88 and 89 in relation to overseas life insurance companies
1A. Modification of sections 82 TO 83A, 88 and 89 in relation to overseas life insurance companies
1AA. Modification of sections 82 TO 83A, 88 and 89 in relation to overseas life insurance companies
1B. Modification of sections 82 TO 83A, 88 and 89 in relation to overseas life insurance companies
1C. Modification of sections 82 TO 83A, 88 and 89 in relation to overseas life insurance companies
1D. Modification of sections 82 TO 83A, 88 and 89 in relation to overseas life insurance companies
2. Modification of sections 82 TO 83A, 88 and 89 in relation to overseas life insurance companies
1.Schedule 4 to the Taxes Act 1988 (deep discount securities)...
3.The following sub-paragraph shall be inserted after paragraph 4(7)—
4.In paragraph 11(1) after the words “deep discount security” thereshall...
5.The following paragraph shall be inserted after paragraph 11—
6.The following sub-paragraph shall be inserted after paragraph 13(2)—
7.The following shall be inserted after paragraph 14— Retirement benefit...
Part IV Income and Corporation Tax: General
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