Schedule 34 - Policies of life insurance etc: miscellaneous amendments
Finance Bill
8:55 am
Mr Nicholas Winterton (Macclesfield, Conservative)
With this it will be convenient to discuss the following:
Amendment No. 141, in
schedule 34, page 398, line 23, at end insert—
'; and sums paid or belonging to a partnership of individuals for the benefit of the partnership shall be regarded as paid or belonging to the individuals themselves beneficially.'.
Amendment No. 155, in
schedule 34, page 398, line 36, leave out from 'referable' to 'policy' in line 37 and insert
'solely to that individual's being one of the individuals whose lives are insured by the policy, but does not include any such right that is referable to that individual being a member of a partnership of individuals all or most of whose lives are insured by the'.