Consultation outcome

Personal portfolio bonds – reviewing the property categories

This consultation has concluded

Download the full outcome

Personal Portfolio Bonds - Reviewing the Property Categories - summary of responses

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Detail of outcome

The consultation, reviewing the property categories a life insurance policyholder may select without triggering the personal portfolio bonds rules ran from 9 August to 3 October 2016.

Having considered the responses, the government decided to legislate in Finance Bill 2017 to take a power allowing changes to the property which can be selected to be made by regulations. Draft regulations are being published for further consultation.

Original consultation

Summary

A consultation on the property that a life insurance policy can allow to be selected without it becoming a personal portfolio bond.

This consultation ran from
to

Consultation description

At Budget 2016, the government announced it would review the property categories at section 520 of the Income Tax (Trading and Other Income) Act 2005.

This consultation invites views on the current property categories and further property types that may be included.

Documents

Personal portfolio bonds – reviewing the property categories

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Published 9 August 2016
Last updated 5 December 2016 + show all updates
  1. Published summary of responses.
  2. First published.