This section provides relief in respect of management expenses to be given to life assurance companies which are charged to corporation tax under Case III of Schedule D. The relief corresponds broadly to that which is available to investment companies under section 15 of the Bill. It is similar also to the provisions under section 214 of the Income Tax Act, 1967.
SECTION 33.
Question proposed: " That section 33 stand part of the Bill."
It is the same position?
Yes.
Question put and agreed to.