SCHEDULE 7U.K. BASIC LIFE ASSURANCE AND GENERAL ANNUITY BUSINESS
Treatment of tax-free incomeU.K.
8U.K.In section 474 of that Act, in subsection (1)(b) (certain tax-free income to be included in computing profits or loss from pension business and general annuity business) the words “and general annuity business” shall cease to have effect.