SCHEDULES

SCHEDULE 1Minor and consequential amendments

Part 2Other enactments

533Income Tax (Trading and Other Income) Act 2005 (c. 5)

In section 482 (excepted group life policies: conditions about persons intended to benefit)—

a

in subsection (6) omit the definition of “tax advantage”, and

b

after that subsection insert—

7

In this section “tax advantage” has the meaning given by section 840ZA of ICTA.