Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Insurance Policyholder Taxation Manual

From
HM Revenue & Customs
Updated
, see all updates

Part surrenders and assignments: periodic calculations: calculation required

Where there has been a part surrender or a part assignment of a policy or contractduring an ‘insurance year’ - see IPTM3505 - certaincalculations need to be performed at the end of that year in order to determine whether anexcess event or a part surrender or assignment event has arisen. These are explained at IPTM3560.

Further reference and feedback IPTM1013