Finance Act 2012 (c. 14)

SCHEDULES

SCHEDULE 16 U.K. Part 2: minor and consequential amendments

PART 3 U.K. Amendments of other Acts

Corporation Tax Act 2009 U.K.

169 (1) Section 635 (creditor relationships of insurance companies: embedded derivatives which are options) is amended as follows. U.K.

(2) In subsection (1)(a), for “life assurance business” substitute “ basic life assurance and general annuity business ”.

(3) In subsection (2), for “This Part” substitute “ For the purpose of applying the I - E rules, this Part ”.