For policies issued in respect of contracts made on or after 6 April 2013 (and in some instances before that date; see below), the Finance Act 2013 introduced a time-apportionment relief (ITTOIA 2005, s. 528) to recognise periods of non-UK residence during the period the policy has run, regardless of the issuer of the policy. Prior to the changes made by FA 2013, such relief only applied where the gain arose from a foreign life or capital redemption policy.

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