Schedules
SCHEDULE 1Minor and consequential amendments
Part 2Other enactments
Corporation Tax Act 2009 (c. 4)
632
1
Amend section 519 (investment bond arrangements: other provisions) as follows.
2
In subsection (2)—
a
for “section 417 of ICTA (close companies)” substitute “
sections 453 and 454 of CTA 2010 (definitions related to close companies)
”
, and
b
for “section 417(1)(d) of that Act” substitute “
section 454(2)(e) of CTA 2010
”
.
3
In subsection (3)—
a
for “Schedule 18 to ICTA” substitute “
Chapter 6 of Part 5 of CTA 2010
”
, and
b
in paragraph (b) for “paragraph 1(5)(b) of that Schedule” substitute “
condition C in section 162(4) of CTA 2010
”
.
4
After subsection (3) insert—
4
Investment bond arrangements are not—
a
a unit trust scheme for the purposes of section 1119 of CTA 2010, or
b
an offshore fund for the purposes of section 354 of TIOPA 2010 so far as relating to corporation tax.