33. Before regulation 44 (modifications of section 256 of the Capital Allowances Act 2001) insert—
43A.—(1) Paragraph (2) prescribes a modification of section 255 of the Capital Allowances Act 2001(1) so far as it applies to the life or endowment business carried on by friendly societies.
(2) In subsection (1) for “basic life assurance and general annuity business” substitute “taxable basic life assurance and general annuity business, tax exempt basic life assurance and general annuity business”.”
2001 c. 2; section 255 was relevantly amended by paragraph 69 of Schedule 7 to the Finance Act 2007.