Commentary

E1.1340 Non-resident policies taken out after 17 November 1983

Personal and employment tax

E1.1340 Non-resident policies taken out after 17 November 1983

Non-resident policies

E1.1340 Non-resident policies taken out after 17 November 1983

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

Additional requirements1 for the grant of qualifying status were introduced for policies issued outside the UK under insurances made after 17 November 1983. Such policies are referred to as new non-resident policies.

A non-resident policy issued in respect of an insurance made after 31 March 1976 could not be a qualifying policy unless it is certified as such by the Board2 or it conforms to a standard form prescribed by the Board3. A new non-resident policy may not be certified, and even if it conforms to the standard form it is not a qualifying policy, until one of two sets of conditions is fulfilled with respect to it.

Those conditions are either4:

  1.  

    (a)     the policy will be a qualifying policy at such time as:

    1.  

      (1)     the

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