SCHEDULES
SCHEDULE 8 Life assurance business
Part I General amendments
Treatment of tax-free income
25
1
In the Taxes Act 1988 omit—
a
section 474(1)(b); and
b
in section 475(2)(a), the words from “or,” to “life assurance business”.
2
In section 474 of the Taxes Act 1988, at the end insert—
3
In this section any reference to insurance business includes a reference to insurance business of any category.