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Income Tax (Trading and Other Income) Act 2005 section 112
Pre-17th March 1998 policy or contract: UK resident trustees
Section 112 provides an exemption from the UK resident trustee liability rules for gains on certain life insurance policies, life annuity contracts and capital redemption policies that predate 17th March 1998, where the trust was also created before that date by an individual who died before that date.
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