Amendment of section 88 of the Finance Act 1989
This section has no associated Explanatory Memorandum
8.—(1) Amend section 88 of the Finance Act 1989 (corporation tax: policy holder’s fraction of profits) as follows.
(2) In subsection (3A)(1)—
(a)at the end of paragraph (a) insert “and”; and
(b)omit paragraphs (aa) to (ac).
(1)
Subsection (3A) was inserted by paragraph 6(1) of Schedule 33 to the Finance Act 2003. Paragraphs (aa) to (ac) were inserted by paragraph 16 of the Finance (No. 2) Act 2005.