Corporation Tax Act 2009 (c. 4)

SCHEDULES

SCHEDULE 1 U.K. Minor and consequential amendments

Part 1 U.K. Income and Corporation Taxes Act 1988

142 (1) Amend section 444AZA (transfers of life assurance business: Case VI losses of the transferor) as follows. U.K.

(2) In subsection (1)(c) for “in accordance with Case I of Schedule D” substitute “ under section 35 of CTA 2009 (charge on trade profits) ”.

(3) In subsection (2)—

(a) for “ “Case VI loss”” substitute “ “qualifying loss of the transferor” ”, and

(b) omit “(a “Case I loss”)”.

(4) In subsection (4) for “Case VI loss” substitute “ qualifying loss of the transferor ”.

(5) In the title for “Case VI” substitute “ gross roll-up business ”.