{
  "url": "https://openlegislation.uk/finance-act-1994/section-70",
  "json_url": "https://openlegislation.uk/finance-act-1994/section-70.json",
  "legislation": "ukpga/1994/9",
  "legislation_title": "Finance Act 1994",
  "legislation_url": "https://openlegislation.uk/finance-act-1994",
  "path": "section/70",
  "kind": "section",
  "number": "70",
  "heading": "Interpretation: taxable insurance contracts.",
  "text": "(1) Subject to subsection (1A) below, any contract of insurance is a taxable insurance contract.\n(1A) A contract is not a taxable insurance contract if it falls within one or more of the paragraphs of Part I of Schedule 7A to this Act.\n(1B) Part II of Schedule 7A to this Act (interpretation of certain provisions of Part I) shall have effect.\n(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(11) This section has effect subject to section 71 below.\n(12) This section and section 71 below have effect for the purposes of this Part.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 70(1) substituted (1.10.1994) by S.I. 1994/1698, art. 4(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 70(1A)(1B) inserted (1.10.1994) by S.I. 1994/1698, art. 4(b)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "S. 70(2)-(10) deleted (1.10.1994) by S.I. 1994/1698, art. 4(c)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1994/9/section/70",
    "retrieved_at": "2026-10-29T09:34:21.412655+00:00",
    "licence": "OGL-UK-3.0",
    "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
    "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
  }
}