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HMRC internal manual

Inheritance Tax Manual

From
HM Revenue & Customs
Updated
, see all updates

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.