Paragraph 533

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

In section 482 (excepted group life policies: conditions about persons intended to benefit)—

(a)

in subsection (6) omit the definition of “tax advantage”, and

(b)

after that subsection insert—

“(7)
In this section “tax advantage” has the meaning given by section 840ZA of ICTA.”