17(1)Section 89 (life assurance: policy holders' share of profits) is amended as follows.U.K.
(2)In subsection (2)(b), for “distributions received from companies resident in the United Kingdom” substitute “ non-taxable distributions received ”.
(3)In subsection (7), after the definition of “Case I profits” insert—
““non-taxable distribution” has the same meaning as in section 85A.”