SCHEDULES

SCHEDULE 39Repeal of miscellaneous reliefs etc

PART 4Life assurance

31Removal of claw-backs on relief given under section 266 of ICTA

1

In ICTA omit sections 268 to 272 (which provide for the “claw-back” of income tax relief given under section 266 of ICTA).

2

In consequence of the provision made by sub-paragraph (1), omit—

a

section 824(2D)(a) of ICTA,

b

paragraph 11 of Schedule 35 to FA 2004,

c

paragraph 123 of Schedule 1 to ITTOIA 2005, and

d

paragraph 21 of Schedule 39 to FA 2008.

3

The amendments made by this paragraph have effect in relation to events occurring in relation to policies on or after 6 April 2015.