# Finance Act 2013, Paragraph 4


(1) Paragraph 17 (substitutions) is amended as follows.
(2) In sub-paragraph (2) before paragraph (a) insert—
“(za) the new policy cannot be a qualifying policy if the old policy was not a qualifying policy by virtue of—
(i) paragraph A1(2), B1(2), B2(2) or B3(3) above, or
(ii) sub-paragraph (i) above or this sub-paragraph;”.
(3) In sub-paragraph (2)(a) after the first “not” insert “ and paragraph (za) above does not apply ”.
(4) In sub-paragraph (4) for “(2)” substitute “ (2)(a) to (c) ”.
(5) After sub-paragraph (4) insert—
“(5) In determining under sub-paragraph (2)(a) to (c) above whether the new policy would apart from this paragraph be a qualifying policy, paragraph A1 above is not to be applied in relation to the issue of the new policy; but this does not stop that paragraph being applied in relation to the issue of the new policy after this paragraph has been applied.”

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Source: https://www.legislation.gov.uk/ukpga/2013/29/schedule/9/paragraph/4 (the official version)
Page: https://openlegislation.uk/finance-act-2013/schedule-9/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.