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Part 4U.K.Savings and investment income

Chapter 9U.K.Gains from contracts for life insurance etc.

Modifications etc. (not altering text)

C1Pt. 4 Ch. 9 applied (with modifications) by The Individual Savings Account Regulations 1998 (S.I. 1998/1870), reg. 36 (as added by S.I. 1998/3174, reg. 12 and as amended (6.4.2008) by S.I. 2008/704, regs. 1, 17(4))

C2Pt. 4 Ch. 9 applied (with modifications) by The Child Trust Funds Regulations 2004 (S.I. 2004/1450), reg. 38 (as amended (6.4.2010) by S.I. 2010/582, regs. 1, 18)

C3Pt. 4 Ch. 9: power to exclude conferred (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 61(4) (with s. 147, Sch. 17)

SupplementaryU.K.

545Minor definitionsU.K.

(1)In this Chapter—

(2)References in this Chapter to a premium include a reference to—

(a)lump sum consideration, and

(b)property other than cash transferred to the insurance company in satisfaction of a premium.

(3)References in this Chapter to the amount of premiums paid include a reference to—

(a)the amount of lump sum consideration paid by way of premium, and

(b)the market value at the date of transfer of property other than cash transferred to the insurance company in satisfaction of any premium.

Textual Amendments

F1Words in s. 545(1) omitted (with effect in accordance with art. 15 of the commencing S.I.) by virtue of Finance Act 2010 (c. 13), Sch. 6 paras. 21(3), 34(2); S.I. 2012/736, art. 15

Modifications etc. (not altering text)

C4S. 545(1) applied by 1988 c. 1, Sch. 15 Pt. A1 para. A5(4)(b) (as inserted (17.7.2013) by Finance Act 2013 (c. 29), Sch. 9 para. 2)