SCHEDULES
SCHEDULE 2Transitionals and savings etc.
Part 6Savings and investment income: insurance contracts and policies made before certain dates
Certain pre-23rd March 1999 policies not foreign capital redemption policies
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A capital redemption policy where the contract was made before 23rd March 1999 is only a “foreign capital redemption policy” for the purposes of Chapter 9 of Part 4 if—
a
it falls within paragraph (a) of the definition of that expression in section 476(3), and
b
it is not excluded by paragraph 104 (certain pre-23rd February 1984 policies not foreign capital redemption policies).