SCHEDULES
SCHEDULE 1Minor and consequential amendments
Part 1Income and Corporation Taxes Act 1988
149
1
Amend section 444AECB (parts of transfer scheme arrangements: Case I advantage transferor) 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 “Case I profits” substitute “
section 35 profits
”
,
b
for “Case I losses” substitute “
section 35 losses
”
, and
c
for “Case I advantage” substitute “
life assurance trade profits advantage
”
.
4
In subsection (3)—
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
”
.
5
In subsection (5)—
a
for “a Case I advantage” substitute “
a life assurance trade profits advantage
”
, and
b
for “the Case I advantage” substitute “
the advantage
”
.
6
In subsection (6) for “Case I”, in both places where it occurs, substitute “
section 35
”
.
7
In the title for “Case I” substitute “
life assurance trade profits
”
.