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Personal Portfolio Bonds

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The Personal Portfolio Bonds (Amendment of Property Categories in Section 520 of the Income Tax (Trading and Other Income) Act 2005) Regulations, SI 2017/1182, update the list of permitted property in which life insurance policyholders may choose to invest their premiums without triggering a tax charge, with effect from 1 January 2018.

The regulations add three investment vehicles to the list: real estate investment trusts; overseas equivalents of investment trust companies; and authorised contractual schemes. The government consulted on the change and issued a draft of the regulations in 2016. Primary legislation was introduced in Finance (No 2) Act 2017.

Issue: 1380
Categories: News