Legal News

Budget 2016—consulting on changes to rules on offshore life insurance policy taxation

Published on: 12 April 2016
Published by: LexisPSL
  • Budget 2016—consulting on changes to rules on offshore life insurance policy taxation
  • Original news
  • Did these announcements come as a surprise?
  • What might be their significance for wealthy individuals, including non-UK domiciliaries and the insurance industry?
  • What is the likelihood that the consultations will result in changes?
  • How do they fit in with the government’s other policies on tax avoidance and evasion?
  • Any other thoughts?

Article summary

Private Client analysis: A consultation on changes to rules on life insurance policy part surrenders and part assignments, and a consultation on changes to personal portfolio bonds investment classes were announced in Budget 2016. Paul Ayres, national head of private clients at BDO LLP, looks at the announcements. or take a trial to read the full analysis.

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