Contents:

• [IPTM3100] IPTM3100 – The charge to tax: income tax and corporation tax
• [IPTM3110] IPTM3110 – The charge to tax: income tax
• [IPTM3120] IPTM3120 – The charge to tax: corporation tax
• [IPTM3130] IPTM3130 – The charge to tax: corporation tax: points of difference
• [IPTM3200] IPTM3200 – Person liable to charge
• [IPTM3210] IPTM3210 – Person liable to charge: chargeable event certificates
• [IPTM3220] IPTM3220 – Person liable to charge: individuals and companies
• [IPTM3230] IPTM3230 – Person liable to charge: UK resident trustees
• [IPTM3240] IPTM3240 – Person liable to charge: death cases
• [IPTM3250] IPTM3250 – Person liable to charge: summary of the position in relation to trusts
• [IPTM3260] IPTM3260 – Person liable to charge: non-UK resident trustees and foreign institutions
• [IPTM3270] IPTM3270 – Person liable to charge: multiple interests
• [IPTM3280] IPTM3280 – Person liable to charge: multiple interests: chargeable event certificates
• [IPTM3290] IPTM3290 – Person chargeable: multiple interests: trusts created by more than one person
• [IPTM3300] IPTM3300 – Policies and contracts charged: general
• [IPTM3310] IPTM3310 – Policies and contracts charged: qualifying policies
• [IPTM3320] IPTM3320 – Policies and contracts charged: personal portfolio bonds
• [IPTM3330] IPTM3330 – Policies and contracts charged: 'foreign policies'
• [IPTM3400] IPTM3400 – When events occur: general
• [IPTM3410] IPTM3410 – When events occur: exceptions
• [IPTM3420] IPTM3420 – When events occur: no chargeable event
• [IPTM3430] IPTM3430 – When events occur: disregard of certain assignments
• [IPTM3500] IPTM3500 – Calculating gains: general
• [IPTM3505] IPTM3505 – Calculating gains: 'insurance year'
• [IPTM3510] IPTM3510 – Calculating gains: death, maturity, full surrender or assignment
• [IPTM3515] IPTM3515 – Calculating gains: death, maturity, full surrender or assignment: value of the policy or contract
• [IPTM3520] IPTM3520 – Calculating gains: death, maturity, full surrender or assignment: replacement policies
• [IPTM3525] IPTM3525 – Calculating gains: death, maturity, full surrender or assignment: related policies
• [IPTM3527] IPTM3527 – Calculating gains: maturity, full surrender or assignment: commission rebated or reinvested as premium
• [IPTM3528] IPTM3528 – Calculating gains: maturity, full surrender or assignment: commission rebated: examples
• [IPTM3530] IPTM3530 – Calculating gains: death, maturity or full surrender: qualifying endowment policies held as security for company debts
• [IPTM3535] IPTM3535 – Calculating gains: death, maturity or full surrender: disregard of trivial inducement benefits
• [IPTM3540] IPTM3540 – Calculating gains: part surrenders and part assignments: 'periodic calculations' and 'excess events': general
• [IPTM3545] IPTM3545 – Calculating gains: part surrenders and part assignments: 'periodic calculations' and 'excess events': events treated as part surrenders
• [IPTM3550] IPTM3550 – Calculating gains: part surrenders and part assignments: 'periodic calculations' and 'excess events': guaranteed income bonds
• [IPTM3555] IPTM3555 – Calculating gains: part surrenders and part assignments: 'periodic calculations' and 'excess events': definitions
• [IPTM3560] IPTM3560 – Calculating gains: part surrenders and part assignments: 'periodic calculations' and 'excess events': calculation method
• [IPTM3565] IPTM3565 – Calculating gains: part surrenders and part assignments: 'periodic calculations' and 'excess events': value of rights surrendered or assigned
• [IPTM3570] IPTM3570 – Calculating gains: part surrenders and part assignments: 'periodic calculations' and 'excess events': special cases
• [IPTM3575] IPTM3575 – Calculating gains: part surrenders and part assignments: 'periodic calculations' and 'excess events': assignments involving co-ownership
• [IPTM3580] IPTM3580 – Calculating gains: part surrenders and part assignments: 'transaction-related calculations'
• [IPTM3585] IPTM3585 – Calculating gains: part surrenders and part assignments: 'transaction-related calculations': calculation method
• [IPTM3590] IPTM3590 – Calculating gains: part surrenders and part assignments: 'transaction-related calculations': 'final insurance year': special rules
• [IPTM3595] IPTM3595 – Calculating gains: part surrenders and part assignments: 'transaction-related calculations': chargeable event
• [IPTM3596] IPTM3596 – Calculating gains – recalculating a wholly disproportionate gain under ITTOIA05/S507A and S512A
• [IPTM3597] IPTM3597 – Calculating gains – recalculating a wholly disproportionate gain under ITTOIA05/S507A and S512A: examples
• [IPTM3600] IPTM3600 – Personal portfolio bonds: background: ITTOIA05/S515
• [IPTM3610] IPTM3610 – Personal portfolio bonds: meaning: bonds made on or after 17 March 1998: ITTOIA05/S516
• [IPTM3620] IPTM3620 – Personal portfolio bonds: meaning: bonds made before 17 March 1998
• [IPTM3630] IPTM3630 – Personal portfolio bonds: meaning: index selection: ITTOIA05/S517(1)
• [IPTM3640] IPTM3640 – Personal portfolio bonds: meaning: property selection: ITTOIA05/S517(2)
• [IPTM3650] IPTM3650 – Personal portfolio bonds: calculation method: ITTOIA05/S522
• [IPTM3660] IPTM3660 – Personal portfolio bonds: calculation method: example
• [IPTM3670] IPTM3670 – Personal portfolio bonds: chargeable event
• [IPTM3700] IPTM3700 – Foreign policies: differences in treatment
• [IPTM3710] IPTM3710 – Foreign policies: effect on qualifying status
• [IPTM3720] IPTM3720 – Foreign policies: basic rate tax not treated as paid
• [IPTM3730] IPTM3730 – Foreign policies: reduction for non-UK policyholder
• [IPTM3731] IPTM3731 – Reduction for non-UK policyholder from 6 April 2013
• [IPTM3732] IPTM3732 – Calculation of the reduction in gain from 6 April 2013: ITTOIA05/S528
• [IPTM3733] IPTM3733 – Non-UK policyholder and assignments and shared rights
• [IPTM3734] IPTM3734 – Gains arising during period of non-UK residence
• [IPTM3735] IPTM3735 – Gains arising to personal representatives and trustees
• [IPTM3736] IPTM3736 – Interaction between restricted relief qualifying policies and top slicing relief
• [IPTM3740] IPTM3740 – Foreign policies: reduction for non-UK policyholder: example
• [IPTM3800] IPTM3800 – Income tax treated as paid and reliefs
• [IPTM3810] IPTM3810 – Income tax treated as paid
• [IPTM3820] IPTM3820 – Top slicing relief: general
• [IPTM3830] IPTM3830 – Top slicing relief: calculation
• [IPTM3840] IPTM3840 – Top slicing relief: how relief is given
• [IPTM3850] IPTM3850 – Top slicing relief: examples
• [IPTM3860] IPTM3860 – Deficiency relief: entitlement and calculation
• [IPTM3870] IPTM3870 – Deficiency relief: how relief is given
• [IPTM3880] IPTM3880 – Deficiency relief: examples
• [IPTM3900] IPTM3900 – Policies and contracts owned by companies: application of the loan relationships rules: scope and commencement
• [IPTM3905] IPTM3905 – Policies and contracts owned by companies: application of the loan relationships rules: accountancy treatment of investment life insurance contracts
• [IPTM3910] IPTM3910 – Policies and contracts owned by companies: application of the loan relationships rules: non-trading credits and debits
• [IPTM3915] IPTM3915 – Policies and contracts owned by companies: application of the loan relationships rules: payouts on death or critical illness
• [IPTM3920] IPTM3920 – Policies and contracts owned by companies: application of the loan relationships rules: tax treated as paid: description of mechanism
• [IPTM3925] IPTM3925 – Policies and contracts owned by companies: application of the loan relationships rules: tax treated as paid: examples
• [IPTM3930] IPTM3930 – Policies and contracts owned by companies: application of the loan relationships rules: transition from chargeable events rules: deemed surrender
• [IPTM3935] IPTM3935 – Policies and contracts owned by companies: application of the loan relationships rules: transition from chargeable events rules: contracts accounted for on fair value basis
• [IPTM3940] IPTM3940 – Policies and contracts owned by companies: application of the loan relationships rules: transition from chargeable events rules: contracts accounted for other than on fair value