Life Policies: Countrywide (formerly Premium Life) Assurance Company policies: introduction
The Countrywide (formerly Premium Life) Assurance Company devised two schemes which were designed to avoid Capital Transfer Tax (CTT) and Inheritance Tax (IHT). They are known as
- the Asset Protection Plan
- the CTT or IHT Mitigation Plan.
These schemes differ from those referred to elsewhere in IHTM20000 onwards, so they require different treatment.