Gains on life policies/life annuities and capital redemption policies
Charge to tax
Credit for basic rate tax
Division of gain between co-owners of policy/contract
Individuals
Non-resident trustees and foreign institutions
Non-residents
Personal representatives
Persons liable to tax
Recovery of tax from trustees
Settlements with more than one settlor
Top slicing relief
Trustees
Chargeable events
Alterations of old life insurance policies
Assignments
Assignments before 26 June 1982
Divorce, assignments on
Events which are disregarded
Generally
Guaranteed income bonds, payments under
Loans to life policy holders
Part assignments
Part-surrenders
Personal portfolio bonds
Computation of gains
Amounts to be disregarded
Disability, sums paid in respect of
Final insurance year, part-surrenders and part-assignments
General rules
Generally
Gifts, assignments by way of
Insurance years
Part surrenders and part assignments
Periodic calculations
Personal portfolio bonds, annual calculation
Rebated or reinvested commission
Retained replacement policy premiums
Total allowable deductions
Total benefit value
Transaction-related calculations
Trivial inducement benefit
Value of policy/contract
Value of rights partially surrendered or assigned
Connected policies and contracts
Deficiency relief
Calculation
Entitlement
Method of giving relief
When deficiencies arise
Excluded policies
Generally
Premium limits
Application
Beneficiaries of policies
Protected policies
Pure protection policies
Qualifying policies
Qualifying policies
Beneficial ownership rule
Endowment policies
Foreign policies
Generally
No assignment rule
Non-payment of premiums
Options
Premium limits
Protected policies
Pure protection policies
Restricted relief
Statutory declaration rule
Substitutions
Term assurance policies
Variations
Whole of life policies
Reporting requirements
Chargeable event certificates
Foreign policies
Personal portfolio bonds
Restricted relief qualifying policies
Allowable premiums
Disregard of exclusions from chargeable events
Generally
Specified events