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Income Tax (Trading and Other Income) Act 2005 section 467
Pre-9th April 2003 policy or contract: UK resident trustees
Section 467(1), as modified by Schedule 2 paragraph 114, deals with the tax liability of UK resident trustees holding older life insurance policies, life annuity contracts or capital redemption policies taken out before 9th April 2003, and explains when the wider charging provisions do not apply to them.
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