SCHEDULES

SCHEDULE 18 U.K.Part 3: consequential amendments

Income Tax (Trading and Other Income) Act 2005 U.K.

17 U.K.ITTOIA 2005 is amended as follows.

18 (1) Section 531 (gains from contracts for life insurance etc: cases where income tax not treated as paid) is amended as follows. U.K.

(2) In subsection (3)(a), for “tax exempt life or endowment business” substitute “ exempt BLAGAB or eligible PHI business ”.

(3) In subsection (4), for the definition of “tax exempt life or endowment business” substitute—

““exempt BLAGAB or eligible PHI business” has the same meaning as in Part 3 of FA 2012 (see sections 154 and 155).”