Part 3 U.K.Meaning of “life annuity”
Restriction of “life annuity” to contracts to which section 656 of the Taxes Act 1988 appliesU.K.
13U.K.In section 539 of the Taxes Act 1988 (introductory) in subsection (3), for the definition of “life annuity” substitute—
““life annuity” means any annuity to which section 656 (as read with section 657) applies.”.