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Posted Thu, 09 Nov 2023 11:07:58 GMT by Karen
Hi, I had a part surrender on my foreign insurance policy ended in May 2022, the policy was issued in 2005. I was not an UK resident when the policy issued. Do I need to report the gain (if have) in the tax year 2022-23 for the part surrender? For your information, I was an UK resident from 2021. Thank you, 
Posted Fri, 10 Nov 2023 15:19:20 GMT by HMRC Admin 5

As a UK tax resident, yes. Please refer to further guidance at Gains on foreign life insurance policies (Self Assessment helpsheet HS321)

Thank you

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