Finance Act, 1904

Relief from income tax on insurances with colonial companies.

16 & 17 Vict. c. 34.

9. Section fifty-four of the Income Tax Act, 1853 (under which relief is granted in respect of premiums on life insurances or contracts for deferred annuities), shall apply in relation to life insurances or contracts for deferred annuities effected in or with any insurance company legally established in any British possession as it applies in relation to life insurances or contracts in or with the insurance companies mentioned in that section.