{
  "url": "https://openlegislation.uk/finance-act-2006/schedule-7/paragraph-7",
  "json_url": "https://openlegislation.uk/finance-act-2006/schedule-7/paragraph-7.json",
  "legislation": "ukpga/2006/25",
  "legislation_title": "Finance Act 2006",
  "legislation_url": "https://openlegislation.uk/finance-act-2006",
  "path": "schedule/7/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": null,
  "text": "(1) In ITTOIA 2005, section 468 (gains from contracts of life insurance etc: non-UK resident trustees and foreign institutions) is amended as follows.\n(2) In subsection (2) (section 740 of ICTA to apply with the modifications in subsection (3) or (4))—\n(a) for “Section 740” substitute “ Sections 739 and 740 ”,\n(b) for “prevents” substitute “ prevent ”,\n(c) for “applies” substitute “ apply ”.\n(3) In subsection (3) (cases within subsection (1)(a)) for “section 740 applies” substitute “ sections 739 and 740 apply ”.\n(4) In subsection (4) (cases within subsection (1)(b)) for “section 740 applies” substitute “ sections 739 and 740 apply ”.\n(5) The amendments made by this paragraph apply in relation to gains treated as arising on or after 5th December 2005.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2006/25/schedule/7/paragraph/7",
    "retrieved_at": "2026-10-29T09:14:22.939634+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "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."
}