Clause 28

Part of Finance Bill – in a Public Bill Committee at 1:15 pm on 17 May 2007.

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Photo of Rob Marris Rob Marris Labour, Wolverhampton South West 1:15, 17 May 2007

May I remind my hon. Friend of paragraph 28 of the explanatory notes on the clause, which states:

“Broadly, this measure affects policies where the premiums paid exceed £100,000 in a year and the policy is not held for at least three complete tax years”?