{
  "url": "https://openlegislation.uk/overseas-life-insurance-companies-regulations-2006/regulation-25",
  "json_url": "https://openlegislation.uk/overseas-life-insurance-companies-regulations-2006/regulation-25.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/25",
  "kind": "regulation",
  "number": "25",
  "heading": "Modifications of the Finance Act 1989",
  "text": "In section 88 (corporation tax: policy holders’ fraction of profits), in subsection (3)—\n(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\n(b) at the end insert—\n“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”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "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."
    }
  ],
  "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/25",
    "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."
}