This Order amends Chapter 1 of Part 12 of the Income and Corporation Taxes Act 1988 (c. 1: “ICTA”) and other provisions of the Corporation Tax Acts relating to companies carrying on carrying on life assurance business, primarily to amend the apportionment rules in section 432A ICTA to ensure that income and gains of such a company’s inherited estate are not attributed to any category of business where the income and gains would be exempt from tax.