Commentary

E1.455C Life insurance gains—recovery of tax from trustees

Personal and employment tax

E1.455C Life insurance gains—recovery of tax from trustees

E1.455C Life insurance gains—recovery of tax from trustees

Where an individual is charged to tax on a gain realised by a non-charitable trust (see E1.446), he is entitled to recover the amount of the tax charged (as reduced by top slicing relief) from the trustees1. The amount he may recover cannot exceed the amount of any sums or benefits received by the trustees from the event giving rise to the gain2. If the top slicing relief obtained by the individual relates to more than one gain, only a proportionate part is deducted3.

The individual may require HMRC to certify the amount

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