HC Deb 26 June 1916 vol 83 c567

6. "That where relief has been given under Section fifty-four of the Income Tax Act, 1853, as amended by any subsequent enactment, in respect of premiums or other sums payable on insurances or contracts for deferred annuities, and the policy of insurance or the contract for a deferred annuity is surrendered or alienated, there shall be paid as a debt due to His Majesty a sum equal to that which would be payable if Income Tax (including Super-tax) were charged on the amount received in respect of the surrender or alienation of the policy of contract at the rates at which the relief was last given in respect of the premiums or other sums payable."

Resolutions agreed to.

Ordered, That it be an Instruction to the Committee on the Finance Bill that they have power to make provision therein pursuant to the said Resolution.

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