SCHEDULES

Section 42

SCHEDULE 9U.K.Insurance companies etc

Expenses of insurance companiesU.K.

F11U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Interpretative provisions relating to insurance companiesU.K.

F12U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Amendment of Chapter 1 of Part 12 of ICTA etcU.K.

F13U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Apportionment of income and gainsU.K.

F24U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section 432B apportionment: participating fundsU.K.

F35U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Transfers of business: deemed periodical returnU.K.

F46U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Transfers of business: modification of section 444AC of ICTAU.K.

F57U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Transfers of business: transferor shares are assets of transferee's long-term insurance fund etcU.K.

F68U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Equalisation reserves for general businessU.K.

9(1)Section 444BA of ICTA is amended as follows.U.K.

(2)In subsection (11) (meaning of “equalisation reserves rules”) for “Chapter 6 of the Prudential Sourcebook (Insurers)” substitute “ chapter 7.5 of the Integrated Prudential Sourcebook ”.

(3)The amendment made by this paragraph has effect in relation to periods of account ending on or after 31st December 2004.

Unappropriated surplus on valuationU.K.

F710U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Relevant financial reinsurance contractsU.K.

F811U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Receipts to be taken into accountU.K.

F912U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Meaning of “brought into account”U.K.

F913U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Changes in recognised accounts: attribution of amounts carried forward under s.432F of ICTAU.K.

F914U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Charge of certain receipts of basic life assurance businessU.K.

F915U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Corporation tax: policy holders' fraction of profitsU.K.

F1016U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Overseas life insurance companiesU.K.

F1117U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Meaning of “pension business”U.K.

F1218U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Miscellaneous references to “class” of businessU.K.

19F13(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

F13(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F13(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F14(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5)The amendments made by this paragraph have effect in relation to periods of account beginning on or after 1st January 2005.

Transfers of business: references to accounting period ending with day of transferU.K.

20(1)Section 12 of ICTA (corporation tax: basis of, and periods for, assessment) is amended as follows.U.K.

F15(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F16(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F16(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F16(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F17(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(7)The amendments made by sub-paragraphs (2) to (5) have effect in relation to insurance business transfer schemes taking place on or after 16th March 2005.

(8)The amendment made by sub-paragraph (6) has effect where the accounting period for which the net amount represents an excess of losses over gains is an accounting period beginning on or after 1st January 2003.