Commentary

E1.454D Personal portfolio bonds—specified property categories

Personal and employment tax

E1.454D Personal portfolio bonds—specified property categories

E1.454D Personal portfolio bonds—specified property categories

A policy or contract is not a PPB if the only selection by the policyholder is property within the following categories1:

  1.  

    (a)     property which the insurance company has appropriated to an internal linked fund

  2.  

    (b)     units in an authorised unit trust (see D8.110)

  3.  

    (c)     shares in an investment trust or, from 1 January 2018, an overseas equivalent (see D7.332)

  4.  

    (d)     shares in an open-ended investment company (see D8.110)

  5.  

    (e)     cash, including a deposit in a bank or building society, unless it was acquired to realise a gain from its disposal (eg foreign currency)

  6.  

    (f)    

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