Paragraph 219
(1)
Amend section 755A (treatment of chargeable profits and creditable tax apportioned to company carrying on life assurance business) as follows.
(2)
In subsection (5) for “Case I of Schedule D” substitute “ section 35 of CTA 2009 (charge on trade profits) ”.
(3)
In subsection (7) for “Case I of Schedule D” substitute “ section 35 of CTA 2009 ”.
(4)
In subsection (11BA)—
(a)
for “Case I profits”, in both places where it occurs, substitute “ section 35 profits ”, and
(b)
for “provisions applicable to Case I of Schedule D” substitute “ life assurance trade profits provisions ”.