# Finance Act 2012, Paragraph 13


(1) Schedule 15 (qualifying policies) is amended as follows.
(2) In paragraph 3—
(a) in sub-paragraphs (1) and (4)(c), for “tax exempt life or endowment business” substitute “ exempt BLAGAB or eligible PHI business ”,
(b) in sub-paragraph (8)(b)(i), for “a new society” substitute “ a society other than an old society ”, and
(c) in sub-paragraph (8)(b)(ii), for “a society other than a new society” substitute “ an old society ”.
(3) In paragraph 4(3)(b)(ii), for “a new society” substitute “ a society other than an old society ”.
(4) Omit paragraph 5.
(5) In paragraph 6—
(a) in sub-paragraph (1)—
(i) omit “(as defined in section 466)” in both places, and
(ii) for “tax exempt life or endowment business” substitute “ exempt BLAGAB or eligible PHI business ”, and
(b) in sub-paragraph (2), for “section 464” substitute “ section 160 of the Finance Act 2012 ”.
(6) After paragraph 6 insert—
“6A Any expression—
(a) which is used in any provision made by any of paragraphs 3 to 6, and
(b) which is used in Part 3 of the Finance Act 2012,
has the same meaning in that provision as it has in that Part.”

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Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/18/paragraph/13 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-18/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.