Schedule 7 BASIC LIFE ASSURANCE AND GENERAL ANNUITY BUSINESS

1. Management expenses
2. Interpretation of Chapter I of Part XII
3. Apportionment of income and gains
4. Computation of trading profit
5. Deduction for annuities referable to basic life assurance and general annuity business
6. Transfer of assets between classes of business
7. United Kingdom branches of overseas life assurance companies
8. Treatment of tax-free income
9. Life annuity contracts: taxation of gain on chargeable event
10. Computation of offshore income gains
11. Interpretation of sections 85 to 89 of Finance Act 1989
12. Miscellaneous receipts
13. Spreading of relief for acquisition expenses
14. Deemed disposal of unit trusts etc
15. Exemptions and exclusions from charges by virtue of section 46
16. Transitional relief for old general annuity contracts
17. Transitional provisions for chargeable gains and unrelieved general annuity losses
18. Application of this Schedule