481 Excepted group life policies: conditions about benefits
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

481  Excepted group life policies: conditions about benefits

(1)     Conditions A to D are the conditions referred to in section 480(3)(a) (definition of “excepted group life policy”).

(2)     Condition A is that under the terms of the policy a sum or other benefit of a capital nature is payable or arises—

(a)     on the death in any circumstances of each of the individuals insured under the policy who dies

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