Chwilio Deddfwriaeth

Finance Act 2008

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Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).

Trades in I minus E

28(1)In section 53 of ICTA (farming and market gardening and managing land on commercial basis for profit), insert at the end—

(5)The preceding provisions of this section do not apply in relation to—

(a)farming or market gardening by an insurance company on land which is an asset of the company’s long-term insurance fund, or

(b)the occupation by an insurance company of land which is such an asset for a purpose other than farming or market gardening.

(2)In section 55 of ICTA (mines, quarries etc), insert at the end—

(3)Subsection (1) does not apply in relation to any concern carried on by an insurance company on land which is an asset of the company’s long-term insurance fund.

(3)In section 432AB(5) (losses from Schedule A business etc), for “section 392A or 392B” substitute “sections 392A and 503, or section 392B,”.

(4)The amendments made by this paragraph have effect in relation to accounting periods beginning on or after 1 January 2008.

Yn ôl i’r brig

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