516 Meaning of “personal portfolio bond”
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

516  Meaning of “personal portfolio bond”

(1)     In this Chapter “personal portfolio bond” means a policy of life insurance, contract for a life annuity or capital redemption policy which meets conditions A and B.

This is subject to section 517.

(2)     Condition A is that, under the terms of the policy or contract, some

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