Paragraph 11 I1
United Kingdom
(1)
FA 1989 is amended as follows.
(2)
Omit—
(a)
in section 83, subsections (3) to (7) and, in subsection (8), the definitions of “add”, “demutualisation” and “total reinsurance” (which relate to losses where assets added to long-term insurance fund),
(b)
section 83AA (amounts added to long-term insurance fund in excess of loss), and
(c)
section 83AB (treatment of surplus where there is subsequent transfer from company etc).
F1(3)
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Annotations
Textual amendments
- F1
Sch. 9 para. 11(3) omitted (17.7.2012) by virtue of Finance Act 2012 (c. 14), Sch. 16 para. 247(p)(iii)
Commencement
- I1
Sch. 9 para. 11 has effect as specified by Finance Act 2007 (Schedule 9) Order 2008 (S.I. 2008/379), art. 2