Section 257 Supplementary
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(1) Allowances and charges to which sections 255 and 256 apply are not to be given effect otherwise than in accordance with those sections.
(2) Subsection (1) does not prevent any allowance which is to be given effect under those sections from being taken into account in any calculation for the purposes of—
[(a) section 85A(3) of the FA 1989 (excess adjusted life assurance trade profits), or
(b) section 89 of that Act (policy holders' share of profits).]1
Amendments
1 Substituted by Finance Act 2007 section 39 and Schedule 8 para 24 with effect for periods of account of insurance companies beginning on or after 1 January 2007.
(3) ...
Amendments
Subs (3) omitted by Finance Act 2007 section 41 and Schedule 10 para 14(8)(a) and repealed by Finance Act 2007 section 114 and Schedule 27 Part 2(10) with effect in relation to periods of account beginning on or after 1 January 2007.
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