5(1)Section 440 of the Taxes Act 1988 is amended as follows.
(2)In subsection (3) for “paragraphs (a) to (d)” substitute “paragraphs (a) to (e)”.
(3)For subsection (4) substitute—
“(4)The categories referred to in subsections (1) to (3) above are—
(a)assets linked solely to pension business;
(b)assets linked solely to life reinsurance business;
(c)assets of the overseas life assurance fund;
(d)assets linked solely to basic life assurance and general annuity business;
(e)assets of the long term business fund not within any of the preceding paragraphs;
(f)other assets.”.