PART 3 AMENDMENTS TO SECONDARY LEGISLATION

The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I.1997/473)

163 Modifications of paragraph 12 of Schedule 9 to the Finance Act 1996
1 Amend regulation 52 (modifications of paragraph 12 of Schedule 9 to the Finance Act 1996) as follows.
2 In paragraph (1) for “Paragraphs (2) and (3)” substitute “Paragraphs (2) to (4)”.
3 For paragraph (2) substitute—

“2 In sub-paragraph (1)(c) the words “which has effect under an insurance business transfer scheme” shall be omitted.”

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4 After paragraph (3) add—

“4 In sub-paragraph (9) the definition of “insurance business transfer scheme” shall be omitted.”

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