Version Superseded: 19/07/2007
Point in time view as at 31/10/2006. This version of this provision has been superseded.
There are currently no known outstanding effects for the Finance Act 2004, Section 147.
(1)The Taxes Act 1988 is amended as follows.
(2)In section 431 (interpretative provisions relating to insurance companies) in subsection (2) (interpretation for purposes of Chapter 1 of Part 12) in the definition of “annuity business”, at the end insert “ , other than the business of granting immediate needs annuities (within the meaning of section 580C) ”.
F1(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)The amendment made by subsection (2) has effect in relation to accounting periods beginning on or after 1st January 2005.
F2(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F2(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1S. 147(3) repealed (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 3 (with Sch. 2)
F2S. 147(5)(6) repealed (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 3 (with Sch. 2)
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