Finance Act 2007 (c. 11)

SCHEDULES

SCHEDULE 7 U.K. Insurance business: gross roll-up business etc

Part 1 U.K. Amendments

Income and Corporation Taxes Act 1988 (c. 1) U.K.

46 (1) Section 553B (overseas life assurance business: capital redemption policies) is amended as follows. U.K.

(2) In subsection (2), in the definition of “overseas policy”, for “431D(1)(a)” substitute “ 431D(1) ”.

(3) In subsection (3), for the words from “after” to the end substitute “ on or after 23rd March 1999. ”