4(1)Section 438 of the Taxes Act 1988 is amended as follows.U.K.
(2)In subsection (1) for “life assurance fund and separate annuity fund, if any” substitute “ long term business fund ”.
F1(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Sch. 8 para. 4(3) repealed (6.4.2006) by Finance Act 2004 (c. 12), Sch. 42 Pt. 3 (with Sch. 36)