Modifications of the Income and Corporation Taxes Act15

In section 444AC13 (transfers of business: excess of assets or liabilities), in subsection (5A), in a case where the transferor is an EEA firm or a Treaty firm—

a

for the words from “means—” to “other” substitute “means, in relation to an overseas life insurance company where the company is an EEA firm or a Treaty firm,”; and

b

omit “(in either case)”.