“Purchaser” definition of section 10A of ITA

“purchaser”, in relation to an annuity contract means

 

(a)     any natural person and includes such person’s deceased or insolvent estate; or

 

(b)     a curator bonis of, or a trust created solely for the benefit of, any natural person where the High Court has declared such person to be of unsound mind and incapable of managing his own affairs and such Court has ordered the appointment of such curator or creation of such trust, as the case may be;