SCHEDULES

SCHEDULE 4Tax credits, taxation of distributions etc

Part IIInsurance companies and Lloyd’s underwriters

The Taxes Act 1988

Section 434

27

1

In section 434 of the Taxes Act 1988 (franked investment income etc) in subsection (1A) (which modifies paragraph 2 of Schedule F) the words from “but this subsection” onwards shall cease to have effect.

2

This paragraph has effect in relation to distributions made on or after 6th April 1999.