SCHEDULE 17 Insurance Companies etc
Finance Act 2008 (2008 c 9) | Legislation

SCHEDULE 17 Insurance Companies etc

Section 43

Financing-arrangement-funded transfers

1

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2

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3

In consequence of paragraphs 1 and 2, omit—

(a)     paragraph 2(2A) of Schedule 11 to FA 1996,

(b)     paragraph 3 of Schedule 33 to FA 2003,

(c)     paragraph 8 of Schedule 11 to FA 2006, and

(d)     paragraph 1 of Schedule 10 to FA 2007.

4

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5

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6

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Structural assets

7

In section 83XA of FA 1989 (structural assets), omit—

(a)     subsections (10) and (11), and

(b)     in subsection (15), “or (10)â€.

8

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.Ìý.Ìý.

9

(1)     .Ìý.Ìý.

(2)     .Ìý.Ìý.

(3)     .Ìý.Ìý.

.Ìý.Ìý.

10

.Ìý.Ìý.

11

.Ìý.Ìý.

.Ìý.Ìý.

12

.Ìý.Ìý.

Apportionments

13

In section 210A of TCGA 1992 (ring fencing of losses), after subsection (10) insert—

“(10A)     But where the BLAGAB profits for an accounting period are nil, the policy holders' share of the chargeable gains or allowable losses accruing in the accounting period—

(a)     if there are Case I profits of the accounting period in respect of its life assurance business, is nil, and

(b)

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