The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997

Modifications of section 440 of the Taxes Act

23.—(1) Paragraph (2) prescribes a modification of section 440(2) of the Taxes Act in relation to specified transactions taking place on or after 1st January 1995.

(2) The words “in accordance with a scheme sanctioned by a court under Part I of Schedule 2C to the Insurance Companies Act 1982” shall be omitted.