531 Exceptions to section 530
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

531  Exceptions to section 530

(1)     Section 530 does not apply to gains from the kinds of policies and contracts specified in subsection (3), except for the purposes of calculating relief under section 535 (top slicing relief).

(2)     Subsection (1) is subject to—

section 532 (relief for policies and contracts with European Economic Area insurers), and

section 534 (regulations providing for relief in other cases where foreign tax chargeable).

(3)     The policies and contracts are—

(a)     a policy of life insurance issued or a contract

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