Commentary

A4.142 Life assurance companies

Administration and compliance

A4.142 Life assurance companies

A4.142 Life assurance companies

Relief for life assurance premiums was withdrawn in respect of policies where the insurance was made after 13 March 19841. Tax relief on qualifying premiums paid on life assurance contracts taken out before 14 March 1984 is repealed for premiums other than those due and payable before 6 April 2015 which are actually paid before 6 July 20152. As regards earlier policies, certain specified events may give rise to a payment by the insurer which he is required to reduce to recover all or part of the tax relief given in respect of premiums paid. The

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