Paragraph 58
In section 539(5) (gains from contracts for life insurance etc: relief for deficiencies)—
(a)
omit Step 2,
(b)
in Step 3, for “2” substitute “ 1 ” and omit “other”, and
(c)
in Step 5, omit the sentence relating to Step 2.
In section 539(5) (gains from contracts for life insurance etc: relief for deficiencies)—
omit Step 2,
in Step 3, for “2” substitute “ 1 ” and omit “other”, and
in Step 5, omit the sentence relating to Step 2.