SCHEDULE 10 Friendly Societies

SCHEDULE 10 Friendly Societies

Section 54

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Qualifying policies

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(1)     This paragraph applies to any policy which—

(a)     was issued by a friendly society, or a branch of a friendly society, in the course of tax exempt life or endowment business (as defined in section 466 of the Taxes Act 1988); and

(b)     was effected by a contract made after 31st August

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