IPTM7010 - Scope of legislation: general: ITTOIA05/S473

In general, the chargeable event legislation applies to

• policies of life insurance
• contracts for life annuities
• capital redemption policies

There are some specific exceptions to this (see IPTM7025 to IPTM7075), including certain:

• group life policies (see IPTM7025 to IPTM7050)
• mortgage protection policies (IPTM7055)
• pension policies (IPTM7060)
• life annuities (IPTM7065)
• pre-14 March 1989 policies and contracts owned by a company (IPTM7070)
• pre-20 March 1968 policies and contracts (IPTM7075).