The Group Relief for Overseas Losses (Modification of the Corporation Tax Acts for Non-resident Insurance Companies) Regulations 2006

Modification of section 439A of the Income and Corporation Taxes Act 1988

5.  It shall be assumed that the trade of the EEA life insurance company, referred to in paragraph 13(1) of Schedule 1 to the Finance Act 2006—

(a) is charged to tax under Case 1 of Schedule D (and not under the I minus E basis); and

(b) for that purpose falls within a type included in section 439A(1).

(1)

Section 439A was inserted by paragraphs 26 and 57 of Schedule 8 to the Finance Act 1995 (c. 4).