HC Deb 23 March 1987 vol 113 cc130-1

Resolved, That provision may be made—

  1. (a) amending section 332(2) of the Income and Corporation Taxes Act 1970 and section 64 of the Friendly Societies Act 1974 with respect to contracts for the assurance of gross sums under tax exempt life or endowment business of registered friendly societies; and
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  2. (b) amending the operation of section 400 of that Act with respect to gains arising in connection with policies issued in the course of such business by registered friendly societies.—[Mr. Lawson.]