{
  "url": "https://openlegislation.uk/overseas-life-insurance-companies-regulations-2006/regulation-23",
  "json_url": "https://openlegislation.uk/overseas-life-insurance-companies-regulations-2006/regulation-23.json",
  "legislation": "uksi/2006/3271",
  "legislation_title": "The Overseas Life Insurance Companies Regulations 2006",
  "legislation_url": "https://openlegislation.uk/overseas-life-insurance-companies-regulations-2006",
  "path": "regulation/23",
  "kind": "regulation",
  "number": "23",
  "heading": "Modifications of the Finance Act 1989",
  "text": "(1) Modify section 83ZA (contingent loans) as follows.\n(2) In subsection (8) after “non-technical account” insert “so far as such amounts fall to be attributed, for the purposes of section 11AA(2) of the Taxes Act 1988, to the permanent establishment in the United Kingdom through which the company carries on life assurance business”.\n(3) After subsection (8) insert—\n“(8A) In the case of an EEA firm or a Treaty firm, the reference in subsection (8) to the positive amounts brought into account as transfers to non-technical account shall be treated as a reference to so much of any positive amounts brought into account as transfers to non-technical account as—\n(a) is shown in the IAD accounts, and\n(b) falls to be attributed, for the purposes of section 11AA(2) of the Taxes Act 1988, to the permanent establishment in the United Kingdom through which the company carries on life assurance business.”.\n(4) In subsection (9) before “allocated” insert “brought into account and”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 83ZA was inserted by section 170 of, and paragraph 3(1) of Schedule33 to, the Finance Act 2003."
    }
  ],
  "outstanding_effects": [
    {
      "type": "omitted",
      "affecting": "uksi/2008/1924",
      "affecting_title": "The Overseas Life Insurance Companies (Amendment) Regulations 2008"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2006/3271/regulation/23",
    "retrieved_at": "2026-10-29T04:13:42.770247+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}