Part II Income Tax, Corporation Tax and Capital Gains Tax

Chapter I General

Insurance companies and friendly societies

49 Friendly societies: increased tax exemption.

F1(1)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1(2)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1(3)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F1(4)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5)

In paragraph 3(8)(b)(ii) of Schedule 15 to that Act (amount of premiums to be disregarded in determining whether a policy meets conditions for it to be a qualifying policy), after the word “premiums” there shall be inserted the words “ or, where those premiums are payable otherwise than annually, an amount equal to 10 per cent. of those premiums if that is greater ”.