HC Deb 19 March 1984 vol 56 cc844-5

Motion made, and Question, That provision may be made—

  1. (a) extending, with effect from 22nd August 1983, the provisions of section 30 of the Finance Act 1980 disqualifying certain policies of life insurance from being qualifying policies;
  2. (b) restricting the cases in which a policy of life insurance may be a qualifying policy where the policy—
    1. (i) is issued in respect of an insurance made after 17th November 1983, and
      2. 845
    2. (ii) is so issued by a company resident outside the United Kingdom;
  3. (c) amending paragraph 9(3)(a) of Schedule 1 to the Income and Corporation Taxes Act 1970 (substituted and varied policies), with respect to policies issued after 22nd February 1984;
  4. (d) varying the application of Chapter III of Part XIV of that Act (chargeable events) in relation to a policy issued by a company resident outside the United Kingdom where the policy is either—
    1. (i) a policy of life insurance issued in respect of an insurance made after 17th November 1983, or
    2. (ii) a capital redemption policy issued in respect of an insurance made after 22nd February 1984; and
  5. (e) restricting the cases where the maturity of a policy of life insurance is not a chargeable event for the purposes of Chapter III of the said Part XIV.—[Mr. Lawson.]

put forthwith pursuant to Standing Order No. 114 (Ways and Means motions), and agreed to.