# Finance Act 2024, Paragraph 10: Adjustments where life assurance business carried on

Extent: E+W+S+N.I.

(1) Section 152 is amended as follows.
(2) In subsection (2), for “formed part of the member’s tax expense amount” substitute “been included in the member’s covered tax balance”.
(3) For subsection (4) substitute—
“(4) In this section “life assurance business” means—
(a) a life assurance business within the meaning of section 56 of FA 2012, or
(b) a business regulated as a life assurance business under the law of a territory outside the United Kingdom.”

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Source: https://www.legislation.gov.uk/ukpga/2024/3/schedule/12/paragraph/10 (the official version)
Page: https://openlegislation.uk/finance-act-2024/schedule-12/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.