Schedule 34 - Policies of life insurance etc: miscellaneous amendments
Finance Bill
8:55 am
Mr John Healey (Economic Secretary, HM Treasury; Wentworth, Labour)
The provisions in the clause and the schedule are not designed to include such partnerships, because the policy purpose behind the provision is to provide the exemption, which will assist group life policies that provide death benefits to families, dependants and others. It is not designed to incorporate the commercial partnerships in which the hon. Gentleman is interested.