- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
17.—(1) Paragraph (2) prescribes a modification of section 440A(2) of the Taxes Act(1) so far as it applies to the life or endowment business carried on by friendly societies.
(2) In paragraph (a), for sub-paragraph (iii) substitute—
“(iii)taxable basic life assurance and general annuity business, or
(iv)tax exempt basic life assurance and general annuity business,”.
Section 440A was inserted by paragraph 8 of Schedule 6 to the Finance Act 1990 and relevantly amended by paragraph 57 of Schedule 8 to the Finance Act 1995.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: