SCHEDULES
SCHEDULE 17Insurance companies etc
30Offshore income gains
1
In section 757 of ICTA (disposals to which Chapter 5 of Part 17 of that Act applies), after subsection (1) insert—
1A
But this Chapter does not apply to disposals of assets of an insurance company’s long-term insurance fund.
2
The amendment made by sub-paragraph (1) has effect in relation to disposals made in accounting periods beginning on or after 1 January 2008.