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HMRC internal manual

Inheritance Tax Manual

From
HM Revenue & Customs
Updated
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Life Policies: Pure Endowment policy linked with a Term Assurance policy: Capital Conversion or Flexible Funding plans

As indicated at IHTM20401 these plans are not aimed at avoiding or mitigating Inheritance Tax. They are also quite rare. If you come across any such plans, refer the matter to the Actuarial Team, who will advise on what queries to raise and the tax position