# Finance Act 1991, Paragraph 7

Extent: E+W+S+N.I.

(1) In section 446 of that Act (computation under section 436 of profits arising to an overseas life assurance company)—
(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) subsections (2) and (3),
shall cease to have effect.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) Subsection (3) of that section (proportion of profits arising from general annuity business for purposes of section 446) shall cease to have effect.
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/1991/31/schedule/7/paragraph/7 (the official version)
Page: https://openlegislation.uk/finance-act-1991/schedule-7/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.