266 Life assurance premiums
Income and Corporation Taxes Act 1988 (1988 c 1) | Legislation

266  Life assurance premiums

(1)ÌýÌýÌýÌý Subject to the provisions of this section, [section 274 and Schedules 14 and 15 and sections 192 to 194 of the Finance Act 2004,] an [eligible individual] who pays any such premium as is specified in subsection (2) below .Ìý.Ìý. shall (without making any claim) be entitled to relief under this section.

[(1A)ÌýÌýÌýÌý For the purposes of subsection (1) above an individual is an eligible individual if the individual—

(a)ÌýÌýÌýÌý is resident in the United Kingdom, or

(b)ÌýÌýÌýÌý meets the conditions in section 56(3) of ITA 2007.]

(2)ÌýÌýÌýÌý The premiums referred to in subsection (1) above are any premiums paid by an individual under a policy of insurance or contract for a deferred annuity, where—

(a)ÌýÌýÌýÌý the payments are made to—

[(i)ÌýÌýÌýÌý a person who has permission under [Part 4A] of the Financial Services and Markets Act 2000 or under paragraph 15 of Schedule 3 to that Act (as a result of qualifying for authorisation under paragraph 12(1) of that Schedule) to effect or carry out contracts of long-term insurance; or

(ii)

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