The Insurance Companies (Overseas Life Assurance Business) (Excluded Business) (Amendment) Regulations 2008

• Citation: S.I. 2008/2625
• Sections: 4

Section 1 Citation and commencement

These Regulations may be cited as the Insurance Companies (Overseas Life Assurance Business) (Excluded Business) (Amendment) Regulations 2008 and shall come into force on 27 th October 2008.

Section 2 Amendments to the Insurance Companies (Overseas Life Assurance Business) (Excluded Business) Regulations 2000

The Insurance Companies (Overseas Life Assurance Business) (Excluded Business) Regulations 2000 are amended as follows.

Section 3 Amendment of Regulation 2

In paragraph (b) in the definition of “beneficiaries” in paragraph (1) of regulation 2 (interpretation) for “section 660A” substitute “sections 624 to 627 of the Income Tax (Trading and Other Income) Act 2005 ”.

Section 4 Amendment of Regulation 8

In paragraph (2) of regulation 8 (trustees residing in the United Kingdom) for “Chapter II of Part XIII of the Income and Corporation Taxes Act 1988” substitute “Chapter 9 of Part 4 of the Income Tax (Trading and Other Income) Act 2005”.