SCHEDULES
SCHEDULE 34Policies of life insurance etc: miscellaneous amendments
Part 2Charitable and non-charitable trusts
Deemed surrender of certain loans
9
1
Section 548(1) of the Taxes Act 1988 is amended as follows.
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
In paragraph (c)
(condition that sum is lent to, or at the direction of, the individual or company by, or by arrangement with, the body issuing etc the policy or contract) after “company” insert “
or those trustees
”
.