492 The total benefit value of a policy or contract
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

492  The total benefit value of a policy or contract

(1)     To calculate the total benefit value of a policy or contract for the purposes of section 491, add together—

(a)     its value in accordance with section 493,

(b)     any capital sum paid under the policy or contract before the event,

(c)     the value of any

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