SCHEDULES
SCHEDULE 9Insurance companies: transfers etc
Transfers and demutualisations: losses where assets added to long-term insurance fund
I111
1
FA 1989 is amended as follows.
2
Omit—
a
in section 83, subsections (3) to (7) and, in subsection (8), the definitions of “add”, “demutualisation” and “total reinsurance” (which relate to losses where assets added to long-term insurance fund),
b
section 83AA (amounts added to long-term insurance fund in excess of loss), and
c
section 83AB (treatment of surplus where there is subsequent transfer from company etc).
3
In section 83B(3)
(changes in recognised accounts: attribution of amounts carried forward), for “83AB” substitute “
83ZA
”
.
I212
In section 436A(3) of ICTA (gross roll-up business), for “83AB” substitute “
83ZA
”
.