Commentary

E1.452C Life insurance gains—amounts disregarded in calculating gains

Personal and employment tax

E1.452C Life insurance gains—amounts disregarded in calculating gains

E1.452C Life insurance gains—amounts disregarded in calculating gains

Where a qualifying policy has been replaced (see E1.451A), the premium paid by the insurer on the replacement is ignored in calculating the total benefit and the total allowable deductions1.

In calculating benefit value, any payment or benefit attributable to a person's disability is ignored2.

Where a share in the rights under the policy or contract was assigned by way of gift in an insurance year beginning before 6 April 2001, the value of the share assigned is ignored3.

A non-monetary benefit not exceeding £30 in value provided by an insurance company as an inducement

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