SCHEDULES
SCHEDULE 7Insurance business: gross roll-up business etc
Part 1Amendments
Income and Corporation Taxes Act 1988 (c. 1)
47
1
Section 755A (treatment of chargeable profits and creditable tax apportioned to company carrying on life assurance business) is amended as follows.
2
In subsection (4), for the words after “referable to” substitute “
gross roll-up business carried on by the UK company.
”
3
In subsection (6)(c), for “a category of business specified in paragraphs (a) to (c) of subsection (4) above” substitute “
gross roll-up business
”
.
4
In subsection (13), for paragraphs (a) to (d) substitute—
a
basic life assurance and general annuity business, or
ba
gross roll-up business,