Modifications of Schedule 11 to the Finance Act 1996 as modified in relation to capital redemption business41

1

Paragraphs (2) and (3) prescribe modifications of Schedule 11 to the Finance Act 1996, as that Schedule is modified in relation to companies carrying on capital redemption business by regulation 15 of the Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 199945.

2

In paragraph 2(1) before “basic life assurance” insert “taxable”.

3

In paragraph 4(1), (2)(a), (7) and (10) before “basic life assurance”, wherever those words occur, insert “taxable”.