SCHEDULES
SCHEDULE 9 Loan relationships: special computational provisions
F1Life assurance policies and capital redemption policies
1A
(1)
The credits and debits to be brought into account for the purposes of this Chapter shall not include any credits or debits relating to—
(a)
a policy of life assurance; F2...
F3(b)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2)
Nothing in section 80(5) of this Act prevents an amount which, by virtue of sub-paragraph (1) above, is not brought into account for the purposes of this Chapter from being brought into account for the purposes of corporation tax apart from this Chapter.