Abolition of income tax relief for life assurance premiums under section 266 of ICTA
This section has no associated Explanatory Notes
30(1)In this paragraph “relevant variation” means a variation made for the sole purpose of dealing with the consequences of the restrictions placed on relief under section 266 of ICTA by virtue of paragraph 23 above.
(2)A relevant variation of a policy is not to be treated as a variation for the purposes of—
(a)paragraph 8(1) or (4) of Schedule 14 to ICTA, or
(b)section 485(6) of ITTOIA 2005 (disregard of certain events in relation to qualifying policies).
(3)A relevant variation of a policy or contract does not itself cause the breaching of a limit set out in—
(a)section 460(2)(c)(iii) or 464 of ICTA, or
(b)section 155(3) (so far as relating to contracts made before 14 March 1984) or 160 of this Act.