SCHEDULES
SCHEDULE 1Minor and consequential amendments
Part 1Income and Corporation Taxes Act 1988
36
1
Amend section 266 (life assurance premiums) as follows.
2
In subsection (3)(c) omit the words from “, except” to “subsection (6) below”.
3
In subsection (4) for “subsections (6) to (8)” substitute “
subsections (7) and (8)
”
.
4
Omit subsections (6) and (6A).
5
In subsection (7)(b) for “there shall be deducted from his total income” substitute “
in calculating his net income there shall be deducted
”
.
6
In subsection (8)—
a
for “but is entitled” substitute “
and is entitled
”
,
b
after “section 278(2)” insert “
or (2ZA)
”
, and
c
omit “(subject to section 278(3))”.
7
In subsection (13) omit “this section and”.