The events which will lead to a qualifying policy being classed as a restricted relief qualifying policy are:
(1)a ‘premium limit event’ occurs in relation to a ‘protected policy’ (see ¶343-340) on or after 21 March 2012. Such an event occurs if the terms of the policy are changed (by either a variation or the exercise of an option) and, as a result, the total amount of premiums payable in any 12-month period is increased (or reduced) or the period over which they are to be paid is lengthened (or shortened), or both ICTA 1988, Sch. 15, para. A2(9) and (10));
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