Finance Act, 1998

Amendment of Part 26 (life assurance companies) of Principal Act.

49.—(1) Part 26 of the Principal Act is hereby amended by the substitution in both section 723(6) and section 738 (2)(c) of “the rate per cent of corporation tax specified in section 21(1)” for “the rate per cent of corporation tax specified in section 21(1)(b)”.

(2) This section shall apply as on and from the 6th day of April, 1997.