Section 70 | Interpretation: taxable insurance contracts.

From legislation.gov.uk

(1)Subject to subsection (1A) below, any contract of insurance is a taxable insurance contract.^F1

(1A)A contract is not a taxable insurance contract if it falls within one or more of the paragraphs of Part I of Schedule 7A to this Act.^F2

(1B)Part II of Schedule 7A to this Act (interpretation of certain provisions of Part I) shall have effect.^F2

(2)Repealed^F3

(3)Repealed^F3

(4)Repealed^F3

(5)Repealed^F3

(6)Repealed^F3

(7)Repealed^F3

(8)Repealed^F3

(9)Repealed^F3

(10)Repealed^F3

(11)This section has effect subject to section 71 below.

(12)This section and section 71 below have effect for the purposes of this Part.