Part IV Income Tax, Corporation Tax and Capital Gains Tax

Chapter VI Miscellaneous provisions

Insurance policies

162 Qualifying life insurance policies: certification.

1

Section 55 of the M1Finance Act 1995 (removal of certification requirements for qualifying policies with respect to any time on or after 5th May 1996 etc) shall have effect—

a

with the substitution for “5th May 1996”, wherever occurring, of “the appointed date”; and

b

with the addition of the following subsection after subsection (8)—

9

In this section “the appointed date” means such date as may be specified for the purpose in an order made by the Board.

2

In Schedule 15 to the Taxes Act 1988 (qualifying policies) paragraphs 24(2A) and 25(2) shall have effect with the substitution for “5th May 1996” of “ the appointed date for the purposes of section 55 of the Finance Act 1995 (removal of certification requirements) ”.