# Income Tax (Trading and Other Income) Act 2005, Paragraph 122


A policy or contract meets the first selection condition at any time if for the whole of the period beginning with 6th April 1994 and ending with that time it has not been possible to determine the whole or any part of the benefits under the policy or contract by reference to—
(a) an index other than a permitted index (see paragraph 126), or
(b) property other than permitted property (see paragraph 127).

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Source: https://www.legislation.gov.uk/ukpga/2005/5/schedule/2/paragraph/122 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/schedule-2/paragraph-122
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.