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HMRC internal manual

Insurance Policyholder Taxation Manual

When events occur: disregard of certain assignments

An assignment of rights, or of a share in rights, under a policy or contract is ignored if it is

  • between spouses or civil partners living together
  • by way of security for a debt, for instance to a lending bank
  • on the discharge of a debt secured by the rights or share, for instance reassignment by the bank when the loan is paid off.
Further reference and feedback IPTM1013