# The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001, Article 31: Capital redemption business

Extent: E+W+S+N.I.

In section 458(3) (capital redemption business) for paragraphs (a) and (b) substitute—
“(a) consists of the effecting on the basis of actuarial calculations, and the carrying out, of contracts of insurance under which, in return for one or more fixed payments, a sum or series of sums of a specified amount become payable at a future time or over a period; and
(b) is not life assurance business.”.

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Source: https://www.legislation.gov.uk/uksi/2001/3629/article/31 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-taxes-order-2001/article-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.