Part 14Remediation of contaminated land
Chapter 4Special provision for life assurance business
Life assurance company tax credits
1167Payment of tax credit etc
1
The provisions mentioned in subsection (2) have effect in relation to a life assurance company tax credit subject to the modifications set out in subsection (3).
2
The provisions referred to in subsection (1) are—
section 1151(4) (payment of tax credit by officer of Revenue and Customs);
section 1155 (supplementary provision about payment of tax credit);
section 1156 (tax credit payment not income of company);
section 1157 (qualifying expenditure excluded for capital gains purposes).
3
The modifications referred to in subsection (1) are as follows—
a
for any reference to a land remediation tax credit substitute a reference to a life assurance company tax credit, and
b
in section 1157(2) for the reference to qualifying land remediation expenditure substitute a reference to qualifying Chapter 4 expenditure.