HC Deb 25 March 1985 vol 76 c143
143
§
Motion made, and Question,
That provision may be made with respect to—
- (a) the conditions to be fulfilled in order that friendly societies and branches thereof may be entitled to claim exemption from tax;
- (b) the application of the limits on tax exempt business of friendly societies and branches thereof in relation to contracts for annuities made before 1st June 1984;
- (c) the conditions under which policies issued by friendly societies and branches thereof on or after 19th March 1985, or issued before that date and varied on or after it, are to be regarded as qualifying policies within the meaning of Part I of Schedule 1 to the Income and Corporation Taxes Act 1970; and
- (d) the application of Chapter III of Part XIV of the said Act of 1970 in relation to contracts for annuities entered into by friendly societies and branches thereof on or after 1st June 1984.—[Mr. Lawson.]
put forthwith pursuant to Standing Order No. 114 (Ways and Means motions), and agreed to.