PART 3AMENDMENTS TO SECONDARY LEGISLATION
The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I.1997/473)
Modifications of paragraph 12 of Schedule 9 to the Finance Act 1996163
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.
4
After paragraph (3) add—
4
In sub-paragraph (9) the definition of “insurance business transfer scheme” shall be omitted.