SCHEDULES

SCHEDULE 7 BASIC LIFE ASSURANCE AND GENERAL ANNUITY BUSINESS

Management expenses

1

In section 76 of the Taxes Act 1988 (expenses of management of insurance companies) in subsection (1)—

a

in paragraphs (ca) F1..., for the words “basic life assurance business” there shall be substituted in each place the words “basic life assurance and general annuity business ”;

b

in paragraph (d), the words “general annuity business” shall cease to have effect.