36(1)Amend section 266 (life assurance premiums) as follows.U.K.
(2)In subsection (3)(c) omit the words from “, except” to “subsection (6) below”.
(3)In subsection (4) for “subsections (6) to (8)” substitute “ subsections (7) and (8) ”.
(4)Omit subsections (6) and (6A).
(5)In subsection (7)(b) for “there shall be deducted from his total income” substitute “ in calculating his net income there shall be deducted ”.
(6)In subsection (8)—
(a)for “but is entitled” substitute “ and is entitled ”,
(b)after “section 278(2)” insert “ or (2ZA) ”, and
(c)omit “(subject to section 278(3))”.
(7)In subsection (13) omit “this section and”.