IPTM3410 - Chargeable events: when events occur: exceptions

Qualifying policies

If a policy of life insurance is a qualifying policy, see IPTM3310.

Capital redemption policies

The rule that maturity of a capital redemption policy is a chargeable event does not apply where the sums payable on maturity

• are chargeable to corporation tax under Schedule D, or
• are chargeable to income tax because they are