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

Companies

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