On 31 January 2008, the Minister for Finance published the Finance Bill 2008. In addition to the proposals announced in the 2008 Budget, the Bill contains several new measures.
The following are some of the new measures contained in the Bill:
Income tax
The Bill provides that a gain will not arise, in certain circumstances, on the happening of a chargeable event under the gross roll-up regime. These relate to a life policy where the as…