SCHEDULEEXPENSES OF COMPANIES WITH INVESTMENT BUSINESS AND INSURANCE COMPANIES
Taxes Act 1988
General annuity business18
1
Section 43721 is amended as follows.
2
In subsection (1A) (new annuities to be brought into account by treating an amount as a sum disbursed as expenses of management) for the words from “as a sum” to the end of the subsection substitute—
as expenses payable which fall to be brought into account for that period at Step 3 in section 76(7)