Finance Act 2008

Overseas life assurance business U.K.

F1 26 U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1 Sch. 17 para. 26 omitted (17.7.2012) by virtue of Finance Act 2012 (c. 14), Sch. 16 para. 247(q)(ii)

27 (1) In section 476(3) of ITTOIA 2005 (foreign policies), omit— U.K.

(a) “as a result of section 431D(1)(a) of ICTA (business with a non-UK resident policy holder)”, and

(b) “as a result of section 431D(1) of ICTA”.

(2) In consequence of sub-paragraph (1), omit paragraph 78 of Schedule 7 to FA 2007.

(3) The amendments made by this paragraph have effect as if they were made by Schedule 7 to FA 2007 (see section 38(2) of that Act).