27U.K.In paragraph 4(5) of Schedule 19AA to the Taxes Act 1988 (overseas life assurance fund), in the definition of “investment reserve”, for paragraphs (a) and (b) substitute—
“(a)the value of the liabilities of that business, and
(b)any money debts of the company not within paragraph (a) above which are owed in respect of that business;”.