# The Overseas Life Insurance Companies Regulations 2006, Regulation 8: Modifications of the Income and Corporation Taxes Act


(1) Modify section 432A (apportionment of income and gains) as follows.
(2) In subsection (8A) after “non-participating funds” insert “that are referable to the permanent establishment in the United Kingdom through which the company carries on life assurance business”.
(3) After subsection (9A) insert—
“(9AA) In this section—
“assets” means those assets that fall to be attributed, for the purposes of section 11AA(2), to the permanent establishment in the United Kingdom through which the company carries on life assurance business;
“liabilities” means those liabilities that fall to be attributed, for the purposes of section 11AA(2), to the permanent establishment in the United Kingdom through which the company carries on life assurance business.”.

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Source: https://www.legislation.gov.uk/uksi/2006/3271/regulation/8 (the official version)
Page: https://openlegislation.uk/overseas-life-insurance-companies-regulations-2006/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.