SCHEDULES

SCHEDULE 14Corporation tax treatment of company distributions

Part 2Other amendments

ICTA

5

(1)

Section 95ZA (taxation of UK distributions received by insurance companies) is amended as follows.

(2)

In subsection (1), for “section 1285” substitute “ section 130(2) ”.

(3)

In subsection (2)(a), omit “resident in the United Kingdom”.