SCHEDULES
SCHEDULE 16 Foreign income dividends
Part III Insurance companies etc.
8
1
Section 802 of the Taxes Act 1988 (UK insurance companies trading overseas) shall be amended as follows.
2
In subsection (2)(a) after “franked investment income” there shall be inserted “
, foreign income dividends
”
.
3
The following subsection shall be inserted after subsection (3)—
4
In this section “foreign income dividends” shall be construed in accordance with Chapter VA of Part VI.