Commentary

E1.1312 Premiums must be paid

Personal and employment tax

E1.1312 Premiums must be paid

E1.1312 Premiums must be paid

Life assurance premium relief is abolished in respect of all policies with effect from, broadly, 6 April 2015 (see E1.1300).

The premiums in respect of which relief is claimed must have been actually paid by the claimant. Thus, where the premiums are only partly paid in cash, and the balance is advanced by way of loan by the insurer, relief is only available on that part of the premium paid in cash. In Hunter v R1, for example, there was a policy for £1,500 payable on death and the premium was £66 17s 6d a year. Of this, £33 17s 6d was paid

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