TSEM4520 - Settlements legislation: certificate under ITTOIA/S538

»Ê¹ÚÌåÓýapp rights under a life policy can be held in trust. Gains arising on the policy may be attributed to the settlor. This can create additional tax liability on the settlor. »Ê¹ÚÌåÓýapp settlor can recover this tax from the trustees. To do so the settlor may require a certificate confirming the amount of tax recoverable.

Internal users should refer any requests for certification to BAI Financial Services Team (Insurance).