SCHEDULES
SCHEDULE 16Part 2: minor and consequential amendments
PART 3Amendments of other Acts
150Corporation Tax Act 2009
1
Section 386 (overview of Chapter 10 of Part 5 (insurance companies)) is amended as follows.
2
In subsection (2)—
a
in paragraph (a), after “apply” insert “for the purposes of the I - E rules” and at the end insert “and”, and
b
omit paragraph (c) (together with the “and” before it).
3
In subsection (3)—
a
in paragraph (a), omit “or of BLAGAB”,
b
in paragraph (a), after “trade)” insert “and section 88 of FA 2012 (equivalent rule for activities carried on in the course of BLAGAB)”, and
c
in paragraph (f), for “as expenses of insurance companies at Step 1 of section 76(7) of ICTA” substitute “as ordinary BLAGAB management expenses”.