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Posted Sun, 05 Jun 2022 07:42:26 GMT by Willy Choy
Good morning, if I have a few saving and life insurance policies in HK and will go to UK later on and will do the surrender after arriving UK, may know that: 1) if the return of the insurance policies will be sudject to CGT or income tax? 2) can the returns be split to 2 periods that the period in HK (the period before i arrived UK) is not liable to pay any taxes? Thanks for the clarification
Posted Tue, 07 Jun 2022 10:09:42 GMT by HMRC Admin 19

You can see guidance here:

Gains on foreign life insurance policies (Self Assessment helpsheet HS321)

Thank you.

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