{
  "url": "https://openlegislation.uk/finance-act-2012/schedule-16/paragraph-150",
  "json_url": "https://openlegislation.uk/finance-act-2012/schedule-16/paragraph-150.json",
  "legislation": "ukpga/2012/14",
  "legislation_title": "Finance Act 2012",
  "legislation_url": "https://openlegislation.uk/finance-act-2012",
  "path": "schedule/16/paragraph/150",
  "kind": "paragraph",
  "number": "150",
  "heading": null,
  "text": "(1) Section 386 (overview of Chapter 10 of Part 5 (insurance companies)) is amended as follows.\n(2) In subsection (2)—\n(a) in paragraph (a), after “apply” insert “ for the purposes of the I - E rules ” and at the end insert “ and ”, and\n(b) omit paragraph (c) (together with the “and” before it).\n(3) In subsection (3)—\n(a) in paragraph (a), omit “or of BLAGAB”,\n(b) in paragraph (a), after “trade)” insert “ and section 88 of FA 2012 (equivalent rule for activities carried on in the course of BLAGAB) ”, and\n(c) in paragraph (f), for “as expenses of insurance companies at Step 1 of section 76(7) of ICTA” substitute “ as ordinary BLAGAB management expenses ”.",
  "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/150",
    "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."
}