Finance Act 1975 (c. 7)

SCHEDULES:

SCHEDULE 2 Life Policies, Life Annuities and Capital Redemption Policies

PART IV Charges in connection with Policies of Life Insurance, Contracts for Life Annuities and Capital Redemption Policies

14 In section 398(1) at the end of sub-paragraph (i), there shall be added the words " except where the sums payable on maturity are annual payments chargeable to tax under Schedule D ".