SCHEDULES
SCHEDULE 7Insurance business: gross roll-up business etc
Part 1Amendments
Income and Corporation Taxes Act 1988 (c. 1)
40
In section 460(2) (registered friendly societies: exemption from tax in respect of life or endowment business)—
a
for “pension business” substitute “
gross roll-up business
”
,
b
at the end of paragraph (ca), insert “
and
”
, and
c
omit paragraph (cb).