Chargeable event gain

Practical Law UK Glossary 3-384-1846 (Approx. 3 pages)

Glossary

Chargeable event gain

A gain chargeable to income tax that arises on a chargeable event in relation to a life insurance policy, life annuity contract or capital redemption policy under Chapter 9 of Part 4 of the Income Tax (Trading and Other Income) Act 2005.

For more information, see:

Practice note, Income tax: calculation of investment and sundry income profits: Gains from contracts for life insurance, life annuities and capital redemption.
Chamberlain and Whitehouse, Trust Taxation and Estate Planning (Sweet & Maxwell, 4th Ed, 2014): Chapter 61 - Life Policies and Other Insurance Products Held in Trust: Section VII - The Chargeable Event Legislation.
HMRC: Insurance Policyholder Taxation Manual (IPTM): Main contents.

Chargeable event gain | Practical Law

Chargeable event gain

Practical Law UK Glossary 3-384-1846 (Approx. 3 pages)

Chargeable event gain