SCHEDULES

F1 SCHEDULE 7BModification of Act in relation to overseas life insurance companies

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(1)

In section 228(6)(b), the words “ section 11(2)(b), (c) or (d) of the Taxes Act ”shall be treated as substituted for the words “section 10(3)”.

(2)

This paragraph shall apply in relation to acquisitions made in chargeable periods beginning after 31st December 1992.