Point in time view as at 01/04/2008.
Finance Act 2007, Paragraph 9 is up to date with all changes known to be in force on or before 08 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.
9(1)Section 431D (meaning of “overseas life assurance business”) is amended as follows.U.K.
(2)For subsection (1) substitute—
“(1)In this Chapter “overseas life assurance business” means so much of a company's relevant life assurance business as is with a policy holder or annuitant not residing in the United Kingdom (but not including the reinsurance of such business).
(1A)In subsection (1) above “relevant life assurance business” means life assurance business other than—
(a)pension business
(b)individual savings account business,
(c)child trust fund business, and
(d)business of any description prescribed by regulations made by the Commissioners for Her Majesty's Revenue and Customs.”
(3)In subsections (2) and (4), for “(1)” substitute “ (1A) ”.
(4)In subsection (4), insert at the end “ (including provision amending any enactment or any instrument made under an enactment) ”.
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