This section is used to enter gains on a foreign life insurance policy, foreign capital redemption policy or foreign life annuity. Refer to the Gains on foreign life insurance policies (Self Assessment helpsheet HS321) for more information (opens in a new tab).
Refer to the HMRC Trust and Estate Tax Return Guide if needed (opens in a new tab).
- Open the required tax return, then select the Data input tab.
- If the required section is listed, select it and skip the next step. If not, select Add a new section.
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On Choose a section to add, under Foreign income, select Life assurance gains.
If the section is crossed through, it has already been added to the tax return. To adjust it the existing values, close the window and select the section on the Data Input tab.
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For each item, enter the Policy and event details (a brief description of the event giving rise to the gain), the Date of chargeable event (only gains falling in the current tax year should be included).
A new line is automatically created as you being completing the first line. Delete a line using the bin icon.
- Enter the Amount of gain (as given on the event certificate). If the tax has been treated as paid, enter the amount in Tax treated as paid.
- Select Save changes.