# Finance (No. 2) Act 1997, Paragraph 5

Status: prospective

(1) In section 436 of the Taxes Act 1988 (pension business: separate charge on profits) in subsection (3), paragraphs (d) and (e) (which make provision, for the purposes of the computation of profits arising from pension business, for group income and non-qualifying distributions to be left out of account) shall cease to have effect.
(2) This paragraph has effect in relation to distributions made on or after 2nd July 1997.

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Source: https://www.legislation.gov.uk/ukpga/1997/58/schedule/3/paragraph/5 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-1997/schedule-3/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.