{
  "url": "https://openlegislation.uk/finance-act-2012/section-174",
  "json_url": "https://openlegislation.uk/finance-act-2012/section-174.json",
  "legislation": "ukpga/2012/14",
  "legislation_title": "Finance Act 2012",
  "legislation_url": "https://openlegislation.uk/finance-act-2012",
  "path": "section/174",
  "kind": "section",
  "number": "174",
  "heading": "Index of defined terms",
  "text": "In this Part the following expressions are defined or otherwise explained by the provisions indicated—\nExpression\nWhere explained\nbasic life assurance and general annuity business (abbreviated to “BLAGAB”)\nsections 57, 67(5) and 172(2)\nBLAGAB or eligible PHI business\nsection 154\ncontract of insurance\nsections 64 and 172(2)\nexempt BLAGAB or eligible PHI business\nsection 155\nfriendly society\nsection 172(1)\nHMRC Commissioners\nsections 139(1) and 172(2)\nincorporated friendly society\nsection 172(1)\ninsurance business transfer scheme\nsections 139(1) and 172(2)\ninsurance company\nsections 65 and 172(2)\nlife assurance business\nsections 56 and 172(2)\nlong-term business\nsections 63(1) and 172(2)\nold society\nsection 161(2)\nPHI business\nsections 63(2) and 172(2)\npolicy\nsection 172(1)\nregistered\nsection 172(5) and (6)\nregistered branch\nsection 172(1)\nregistered friendly society\nsection 172(1) and (3)\nrelevant other business\nsection 166\nre-insurance\nsections 139(1) and 172(2)",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "C",
      "label": "C1",
      "text": "S. 174 modified (31.12.2012) by The Friendly Societies (Modifications of the Tax Acts) Regulations 2012 (S.I. 2012/3008), regs. 1(1), 15 (with regs. 1(2), 2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2012/14/section/174",
    "retrieved_at": "2026-10-29T09:08:44.989153+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."
  }
}