Commentary

E1.430D Purchased life annuities—claims and administration

Personal and employment tax

E1.430D Purchased life annuities—claims and administration

E1.430D Purchased life annuities—claims and administration

HMRC may make regulations prescribing the procedures to be used to give effect to a claim for partial exemption and prescribing tables of mortality to be used in calculating the exempt proportion and the exempt sum (see E1.430A, E1.430B). The regulations may apply any of the provisions of the Income Tax Acts, with or without modification1.

Until the replacement regulations described below took effect for 2008/09 onwards, the earlier regulations, which dated back to 1956, continued to apply2.

Under the earlier regulations, the claim had to be made to an HMRC officer by the annuitant and had to identify the annuity and state the amount and frequency of the payments and the name(s) of the person(s) on whose life it

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