Paragraph 4

(1)

In section 436 of that Act (general annuity business and pension business: separate charge on profits) in subsection (1)—

(a)

the words “general annuity business or” shall cease to have effect, and

F1(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)

In subsection (3) of that section—

(a)

in paragraph (c), the words “or general annuity business”, and

(b)

in paragraph (e), the words “general annuity business or”,

shall cease to have effect.

(3)

In subsection (4) of that section, the words “general annuity business or” shall cease to have effect.

(4)

In section 437 of that Act (general annuity business) subsections (2) to (5) shall cease to have effect.

Annotations

F1: Sch. 7 para. 4(1)(b) repealed (with effect in accordance with s. 38 of the amending Act) by Finance Act 2007 (c. 11), Sch. 27 Pt. 2(7)