Part 3Income tax, corporation tax and capital gains tax

Insurance and friendly societies

46Purchased life annuities: self-assessment

I11

In section 437(1C) of ICTA (general annuity business), omit paragraphs (c)(i) and (d)(i).

I12

In section 656 of that Act (purchased life annuities other than retirement annuities), omit subsections (5) and (6).

I13

In section 658 of that Act (supplementary), omit subsections (1) and (4) to (6).

4

In section 828(4) of that Act (parliamentary procedure for orders and regulations), omit “658(3)”.

I15

In section 717 of ITTOIA 2005 (exemption for part of purchased life annuity payment), omit subsection (3).

I16

Omit section 723 of that Act (officer of Revenue and Customs to determine certain questions).

I17

In section 724 of that Act (regulations)—

a

in subsection (1)(a), for “723” substitute “ 722 ”, and

b

omit subsection (2).

8

In section 873(3) of that Act (parliamentary procedure for orders and regulations), omit paragraph (b).

9

The amendments made by subsections (1) to (3) and (5) to (7) come into force on such day as the Treasury may by order appoint; and different days may be appointed for different purposes.