Income Tax (Trading and Other Income) Act 2005 (c. 5)

Valid from 06/04/2005

Part 4 U.K. Savings and investment income

Chapter 9 U.K. Gains from contracts for life insurance etc.

Personal portfolio bonds U.K.

525 Chargeable events where annual calculations show gains U.K.

(1) This section applies if the calculation in section 522 shows that a gain has arisen in relation to an insurance year.

(2) The gain is treated as arising at the end of the insurance year on the occurrence of a chargeable event at that time.