470 Interests in rights under a policy or contract for section 469
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

470  Interests in rights under a policy or contract for section 469

(1)     This section sets out the circumstances in which a person has a material interest in the rights under a policy or contract for the purposes of section 469.

(2)     An individual has such an interest if—

(a)     the individual beneficially owns a share in the rights,

(b)     a share in them is held on non-charitable trusts which

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