SCHEDULES

SCHEDULE 1Minor and consequential amendments

Part 1Income and Corporation Taxes Act 1988

219

1

Amend section 755A (treatment of chargeable profits and creditable tax apportioned to company carrying on life assurance business) as follows.

2

In subsection (5) for “Case I of Schedule D” substitute “ section 35 of CTA 2009 (charge on trade profits) ”.

3

In subsection (7) for “Case I of Schedule D” substitute “ section 35 of CTA 2009 ”.

4

In subsection (11BA)—

a

for “Case I profits”, in both places where it occurs, substitute “ section 35 profits ”, and

b

for “provisions applicable to Case I of Schedule D” substitute “ life assurance trade profits provisions ”.