IPTM4400 - Purchased life annuities: annuities paid by overseas payers: introduction

The references to ‘overseas’ or ‘foreign payers’ in this section are to the ‘relevant person’ as described in IPTM4350.

Unlike a life annuity paid by a UK payer where the taxable amount is entered in the main pages of the Tax Return, purchased life annuities from a foreign payer need to be entered on the foreign pages of the Tax Return.

A life annuity from a foreign payer can still have an exempt capital amount, but overseas payers must meet other requirements in addition to the procedures set out in IPTM4350 onwards.