[69 Charge to tax where different rates of tax apply]
Finance Act 1994 (1994 c 9) | Legislation

[69  Charge to tax where different rates of tax apply]

[(1)     This section applies for the purpose of determining the chargeable amount in a case where a contract provides cover falling within any one of the following paragraphs, that is to say—

(a)     cover for one or more exempt matters,

(b)     cover for one or more standard rate matters, or

(c)     cover for one or more higher rate matters,

and also provides cover falling within another of those paragraphs.

[(1A)     But this section does not apply for the purpose of determining the chargeable amount in relation to an excepted premium (as to which see section 69A).]

(2)     In the following provisions of this section “the non-exempt premium” means the difference between—

(a)     the amount of the premium; and

(b)     such part of the premium as is attributable to any exempt matter or matters or, if no part is so attributable, nil.

(3)     If the contract provides cover for one or more exempt matters and also provides cover for either—

(a)     one or more standard

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