Point in time view as at 01/04/2008.
Finance Act 2007, Section 38 is up to date with all changes known to be in force on or before 03 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.
(1)Part 1 of Schedule 7 contains provisions relating to gross roll-up business, capital redemption business and miscellaneous minor matters relating to insurance companies.
(2)The amendments made by that Part of that Schedule have effect—
(a)for the purposes of corporation tax, for periods of account of insurance companies beginning on or after 1st January 2007, and
(b)for the purposes of income tax, for the tax year 2007-08 and subsequent tax years.
(3)Subsection (2) is subject to the transitional provisions in Part 2 of that Schedule.
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