Finance Act 2007 (c. 11)

SCHEDULES

SCHEDULE 8 U.K. Insurance companies: basis of taxation etc

Part 1 U.K. Amendments

Capital Allowances Act 2001 (c. 2) U.K.

23 U.K. In section 256(1) (different giving effect rules for different categories of business), for paragraph (b) substitute—

“(b) is charged to tax under the I minus E basis in respect of its life assurance business.”