SCHEDULES
SCHEDULE 17Insurance companies etc
Commencement of Schedule 9 to FA 2007
38
1
Paragraph 17 of Schedule 9 to FA 2007 (transfers: commencement) is amended as follows.
2
In sub-paragraph (2), for “9, 10(3) to (5),” substitute “
10(5),
”
.
3
In sub-paragraph (3)—
a
after “effect” insert “
(a)
”
, and
b
insert at the end
and
b
in relation to periods of account ending after 30 June 2008 where the transfer of business or demutualisation concerned took place on or after 21 March 2007 and before 1 July 2008.
4
After sub-paragraph (4) insert—
4A
The amendment made by paragraph 9 has effect in relation to contracts entered into in a period of account beginning on or after 1 January 2008.
5
Insert at the end—
6
The amendments made by paragraph 10(3) and (4) have effect in relation to assets transferred on or after 1 January 2008.