Regulation 2 Amendment to Principal Regulations

The Income Tax (Purchased Life Annuities) Regulations 2008^f1 (“the Principal Regulations”) are amended in accordance with this regulation.

For regulation 19(1)(d) of the Principal Regulations, substitute—

“(d)

following—

(i)

the termination of the appointment of the insurer’s tax representative under regulation 14(4); or

(ii)

the occurrence of one of the events described in regulation 15(1),

to nominate another person as a tax representative in accordance with either regulation 14(6) or 15(2), as the case may be;”.