SCHEDULES
SCHEDULE 7Insurance business: gross roll-up business etc
Part 1Amendments
Capital Allowances Act 2001 (c. 2)
70
1
Section 256 (different giving effect rules for different categories of business) is amended as follows.
2
In subsection (3), for paragraphs (a) to (c) substitute “
section 436A of ICTA (gross roll-up business)
”
.
3
In subsection (4)—
a
for “profit” substitute “
profits
”
,
b
in paragraph (a), for “any particular category of business” substitute “
gross roll-up business
”
and for “that category of business” substitute “
its gross roll-up business
”
, and
c
in paragraph (b), for “any particular category of business” substitute “
gross roll-up business
”
and for “that category of business” substitute “
its gross roll-up business
”
.