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16(1)Section 88 of FA 1989 is amended as follows.
(2)In subsection (3A) (meaning of “income and gains of the company’s life assurance business” in subsection (3)) after paragraph (a) insert—
“(aa)receipts of the company chargeable under Case VI of Schedule D by virtue of section 85(1) above,
(ab)income of the company treated as referable to basic life assurance and general annuity business by section 441B(2) of the Taxes Act 1988 (treatment of UK land),
(ac)amounts treated as accruing to the company and charged to tax under Case VI of Schedule D by virtue of section 442A of that Act (taxation of investment return where risk reinsured), and”.
(3)The amendment made by this paragraph has effect in relation to periods of account beginning on or after 1st January 2005.
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