Finance Act, 1994
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Amendment of section 35 (profits of life business) of Corporation Tax Act, 1976. |
60.— Section 35 of the Corporation Tax Act, 1976 , is hereby amended by the insertion of the following proviso to subsection (1A): | |
“Provided that, in applying the definition of foreign life assurance business in section 36 of the Finance Act, 1988 , for the purposes of this subsection, section 39B (inserted by the Finance Act, 1987 ) of the Finance Act, 1980 , shall apply as if there were deleted from subsection (2) ‘and any certificate so given shall, unless it is revoked under subsection (4), (5) or (5A), remain in force until the 31st day of December, 2005’.”. |