HC Deb 11 March 1997 vol 292 c247

9. Section 432A (apportionment of insurance companies' income) shall have effect in the case of income and losses chargeable or relievable by virtue of this Schedule as if (where that would not otherwise be the case)—

  1. (a) any such income were for the purposes of that section a gain accruing on the disposal of an asset; and
  2. (b) any such loss were for the purposes of that section a loss accruing on the disposal of an asset."'.—[Mr. Brandreth.]

Brought up, read the First and Second time, and added to the Bill.

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