Modifications etc. (not altering text)
C1Pt. 7 modified (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), ss. 601, 1184(1) (with Sch. 2)
For the purposes of this Part, activities carried on by a company in the course of—
(a)any mutual insurance or other mutual business which is not life assurance business, or
(b)any basic life assurance and general annuity business,
are treated as not constituting the whole or any part of a trade.