# The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001, Article 76: Deferral of unrealised gains

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

(1) Amend section 143 (deferral of gains: supplementary) as follows.
(2) In subsection (5)(a) for “long term” substitute “long-term”.
(3) In subsection (6) for the definition of “long term insurance business” substitute—
““long-term insurance business” means business which consists of the effecting or carrying out of contracts which fall within Part II of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;”.

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Source: https://www.legislation.gov.uk/uksi/2001/3629/article/76 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-taxes-order-2001/article-76
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.