Paragraph 201

(1)

Section 1164 (entitlement to tax credit) is amended as follows.

(2)

In subsections (1) and (2)—

(a)

for “a life assurance company tax credit” substitute “ a BLAGAB tax credit ”, and

(b)

for “qualifying life assurance business loss” substitute “ qualifying BLAGAB loss ”.

(3)

In subsections (3) and (4), for “a life assurance company tax credit” substitute “ a BLAGAB tax credit ”.