154 Meaning of “BLAGAB or eligible PHI business”
Finance Act 2012 (2012 c 14) | Legislation

154  Meaning of “BLAGAB or eligible PHI business”

(1)     In this Part “BLAGAB or eligible PHI business” means—

(a)     basic life assurance and general annuity business, and

(b)     any PHI business so far as consisting of the effecting or carrying out of qualifying contracts,

but see subsections (3) and (4) for some qualifications.

(2)     A contract is a “qualifying” contract if—

(a)

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