SCHEDULES
SCHEDULE 16Part 2: minor and consequential amendments
PART 3Amendments of other Acts
86Taxation of Chargeable Gains Act 1992
1
Section 213 (spreading of gains and losses under section 212) is amended as follows.
2
In subsection (1A), for “(in accordance with section 432A of the Taxes Act)” substitute “, in accordance with Chapter 4 of Part 2 of the Finance Act 2012,”.
3
After subsection (4) insert—
4ZA
Subsection (4) applies in relation to an overseas life insurance company with the insertion after “long-term business” of the words “in the United Kingdom through a permanent establishment”.