Part II Income Tax, Corporation Tax and Capital Gains Tax
Chapter I General
Insurance companies and friendly societies
49 Friendly societies: increased tax exemption.
F11
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F12
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F13
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F14
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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
”
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