536. Policies of life insurance etc.

Policies of life insurance, contracts for life annuities and capital redemption policies are subject to special provisions1 which have effect for the purposes of imposing, in the manner and to the extent therein provided, charges to income tax in respect of gains to be treated in accordance with those provisions as arising in connection with policies of life insurance issued in respect of insurances made after 19 March 19682, contracts for life annuities3 entered into after that date, and capital redemption policies4 effected after that date