26.—(1) The Table in section 98 of the Taxes Management Act 1970 is modified in accordance with this regulation.
(2) In column 1, there shall be treated as having been added at the end—
“Regulations 21 and 22 of the Income Tax (Purchased Life Annuities) Regulations 2008.”
(3) In column 2, there shall be treated as having been added—
“Regulations 7, 23 and 25 of the Income Tax (Purchased Life Annuities) Regulations 2008.”
27. In the case of an annuity—
(a)the contract for which was made during the period beginning with 6th April 2007 and ending with (and including) 5th April 2008;
(b)under which the payments by the insurer to the annuitant are made in arrears; and
(c)under which the first payment to the annuitant is made on or after 6th April 2008,
the mortality tables applicable shall be the ones which were in force when the annuity was made and not those prescribed by regulation 7(3).
28. The following instruments are revoked—
(a)the Income Tax (Purchased Life Annuities) Regulations 1956 M1;
(b)the Income Tax (Purchased Life Annuities) (Amendment) Regulations 1960 M2;
(c)the Income Tax (Purchased Life Annuities) (Amendment) Regulations 1990 M3; and
(d)the Income Tax (Purchased Life Annuities) (Amendment) Regulations 1991 M4.
Marginal Citations
M1S.I. 1956/1230, as amended by S.I. 1960/2308; S.I. 1990/626; and S.I. 1991/2808