Paragraph 198
(1)
Section 1161 (relief in respect of I minus E basis: expenses payable) is amended as follows.
(2)
In subsection (6), for “section 76(7) of ICTA” substitute “ section 76 of FA 2012 ”.
(3)
In subsection (7)(a), for “life assurance business” substitute “ basic life assurance and general annuity business ”.