Finance Act, 1972

Amendment of section 19 of Finance Act, 1950.

35.—(1) Section 19 (1) of the Finance Act, 1950 , is hereby amended by the insertion after “policies of insurance” of “or a business of granting life annuities”.

(2) This section shall come into operation on the 1st day of August, 1972, or the date of the passing of this Act, whichever is the later.