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HMRC internal manual

Insurance Policyholder Taxation Manual

From
HM Revenue & Customs
Updated
, see all updates

Outline of the chargeable events regime: person chargeable

In the straightforward case, the gain is attributed to the person who was thebeneficial owner of the policy rights immediately before the chargeable event took place.Where rights are held on trust the position is more complicated. More details at IPTM3250.

Further reference and feedback IPTM1013