Commentary

E1.1322 Friendly society policies

Personal and employment tax

E1.1322 Friendly society policies

E1.1322 Friendly society policies

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

A policy issued by a friendly society, or branch of a friendly society, in the course of its exempt BLAGAB (basic life assurance and general annuity business) or eligible PHI business (for accounting periods beginning before 1 January 2013, tax exempt life or endowment business)1 is always a qualifying policy2. As to the application of the qualifying policy rules to friendly societies generally, see D7.613. Policies issued by friendly societies in respect of contracts of insurance made

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