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

15 For the purposes of sections 394 to 402 and of this Schedule the falling due of a sum payable in pursuance of a right conferred by a policy or contract to participate in profits shall be treated as the surrender of rights conferred by the policy or contract