13  In section 440B (modifications where tax charged under Case I of Schedule D)–

(a)for subsection (3) substitute–

440B(3)  “Subsection (1) of section 440 has effect as if the only categories specified in subsection (4) of that section were–

(a)UK assets of the long-term insurance fund,

(b)other UK assets, and

(c)assets of the company which are not UK assets,

and UK assets has the meaning given by section 440(7).”, and

(b)for subsection (4) substitute–

440B(4)  “Section 440A applies as if for paragraphs (a), (d) and (e) of subsection (2) there were substituted–

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.