SCHEDULES
SCHEDULE 17Insurance companies etc
Structural assets
7
In section 83XA of FA 1989 (structural assets), omit—
a
subsections (10) and (11), and
b
in subsection (15), “or (10)”.
8
1
In section 431(2) of ICTA (interpretative provisions relating to insurance companies), in the definition of “free assets amount”, after “long-term business” insert “
, other than any structural assets (within the meaning of section 83XA of the Finance Act 1989),
”
.
2
The amendment made by sub-paragraph (1) has effect for periods of account beginning on or after 1 January 2007.