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Regulation 25 Modifications of the Finance Act 1989

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

In section 88f1 (corporation tax: policy holders’ fraction of profits), in subsection (3)—

(a)

after “business” insert “so far as that income and those gains 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”, and

(b)

at the end insert—

“so far as those amounts and that deduction fall to be attributed, for the purposes of section 11AA(2) of the Taxes Act 1988, to that permanent establishment”.

Annotations

Footnotes

f1

Section 88B was amended by paragraph 21(2) of Schedule 8 to the Finance Act 1995, section 104 of, and paragraph 56 of Schedule 14, to the Finance Act 1996 (c. 8), and article 2 of, and paragraph 45 of the Schedule to, S.I. 2004/2310.