First-tier tribunal considers "unfair" taxation of part surrendered offshore insurance policy | Practical Law

First-tier tribunal considers "unfair" taxation of part surrendered offshore insurance policy | Practical Law

The First-tier Tribunal has highlighted the potentially discriminatory tax treatment of a UK resident taxpayer who part surrendered an offshore life insurance policy. (Anderson v HMRC [2013] UKFTT 126 (TC).)

First-tier tribunal considers "unfair" taxation of part surrendered offshore insurance policy

Practical Law UK Legal Update Case Report 5-525-0010 (Approx. 5 pages)

First-tier tribunal considers "unfair" taxation of part surrendered offshore insurance policy

by PLC Private Client
Law stated as at 08 Mar 2013 • England, Wales
The First-tier Tribunal has highlighted the potentially discriminatory tax treatment of a UK resident taxpayer who part surrendered an offshore life insurance policy. (Anderson v HMRC [2013] UKFTT 126 (TC).)