SCHEDULES
SCHEDULE 18Friendly societies
Repeal of obsolete provisions
5
1
Omit—
a
section 462(3) and (4) (tax exempt business: insurances made in 1984-85), and
b
section 462A (election relating to profits attributable to pre-1991 contracts expressed not to be part of tax exempt business).
2
In section 462(1), for “subsections (2) to (4)” substitute “
subsection (2)
”
.
3
In consequence of sub-paragraph (1), omit—
a
paragraph 2 of Schedule 9 to FA 1991,
b
paragraph 9 of Schedule 9 to F(No.2)A 1992, and
c
section 45(4) and (5) of FA 2007.