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Equitable Life: regulations

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The Taxation of Equitable Life (Payments) Order, SI 2011/1502, provides that payments authorised by HM Treasury where persons have been adversely affected by maladministration in the regulation, before December 2001, of the Equitable Life Assurance Society, are disregarded for the purposes of income tax, corporation tax, capital gains tax, inheritance tax and tax credits.

Issue: 1082
Categories: News , Private client taxes