{
  "url": "https://openlegislation.uk/finance-act-2012/schedule-16/paragraph-104",
  "json_url": "https://openlegislation.uk/finance-act-2012/schedule-16/paragraph-104.json",
  "legislation": "ukpga/2012/14",
  "legislation_title": "Finance Act 2012",
  "legislation_url": "https://openlegislation.uk/finance-act-2012",
  "path": "schedule/16/paragraph/104",
  "kind": "paragraph",
  "number": "104",
  "heading": null,
  "text": "(1) Section 545 (investment assets) is amended as follows.\n(2) In subsection (1), for “life assurance business” substitute “ long-term business ”.\n(3) For subsections (3) to (5) substitute—\n“(3) No allowance in respect of an investment asset is to be taken into account in calculating for corporation tax purposes the profits of any non-BLAGAB long-term business carried on by the company.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/104",
    "retrieved_at": "2026-10-29T09:08:44.989153+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}