22(1)In section 434A(3) of ICTA (limitation on relief), after paragraph (a) (before the “or” at the end) insert—U.K.
“(aa)(where the company's life assurance business is not mutual business) in respect of any amount which is a charge on income for the purposes of corporation tax,”.
(2)The amendment made by sub-paragraph (1) has effect in relation to periods of account beginning on or after 1 January 2008 and ending on or after 12 March 2008.