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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 6 April 1999 - onwards
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714. Life business: computation of profits.

(1) For the purposes of section 713, the exclusion by section 129 from the charge to corporation tax of franked investment income shall not prevent such income of a company resident in the State attributable to the investments of the company's life assurance fund from being taken into account as part of the profits in computing trading income in accordance with the provisions applicable to Case I of Schedule D.

(2) [deleted]

Comparing proposed amendment...