Version Superseded: 21/07/2008
Point in time view as at 01/04/2008.
Finance Act 2007, Cross Heading: Tidying up of Chapter 2 of Part 4 of FA 1996 is up to date with all changes known to be in force on or before 03 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
6(1)Chapter 2 of Part 4 of FA 1996 (loan relationships) is amended as follows.U.K.
(2)In section 103(3) (loan relationships: interpretation), omit “or” at the end of paragraph (a) and after paragraph (b) insert “or
(c)any basic life assurance and general annuity business,”.
(3)In sub-paragraph (1) of paragraph 1A of Schedule 9 (life assurance policies), for the words after “relating to” substitute “ liabilities of an insurance company within paragraph (a) of the definition of “liabilities” in section 431(2) of the Taxes Act 1988. ”; and the italic heading before that paragraph accordingly becomes “ Insurance company liabilities ”.
(4)In Schedule 11, omit paragraph 1(1A) to (1C).
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
