5(1)Section 440 of the Taxes Act 1988 is amended as follows.U.K.
(2)In subsection (3) for “paragraphs (a) to (d)” substitute “ paragraphs (a) to (e) ”.
(3)For subsection (4) substitute—
“(4)The categories referred to in subsections (1) to (3) above are—
(a)assets linked solely to pension business;
(b)assets linked solely to life reinsurance business;
(c)assets of the overseas life assurance fund;
(d)assets linked solely to basic life assurance and general annuity business;
(e)assets of the long term business fund not within any of the preceding paragraphs;
(f)other assets.”.