SCHEDULES
SCHEDULE 1Minor and consequential amendments
Part 1Income and Corporation Taxes Act 1988
147
1
Amend section 444AEC (Case I advantage: transferee) as follows.
2
In subsection (1)—
a
for “Case I advantage” substitute “life assurance trade profits advantage”, and
b
in paragraphs (a) and (b) for “Case I” substitute “section 35”.
3
In subsection (2)—
a
for “a Case I advantage” substitute “a life assurance trade profits advantage”,
b
for “the Case I advantage” substitute “the advantage”, and
c
in paragraphs (a) and (b) for “Case I” substitute “section 35”.
4
In subsection (4) for “Case I”, in both places where it occurs, substitute “section 35”.
5
In the title for “Case I” substitute “Life assurance trade profits”.