Mike Gordon
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RE: Time Apportioned Reduction
Thank you for your response. I would like to clarify if I should enter the adjusted amount (based on proportion of time as non resident) of the chargeable event gain or the total gain over the life of the policy. If it's the adjusted gain do I need to submit a supplementary calculation? If I enter to total amount of the gain will HMRC automatically adjust this based on my period of non residence as declared on previous tax returns? Thanks again for your assistance. -
Time Apportioned Reduction
I wish to claim TAR on a qualifying foreign policy but am unclear where to provide this information on the tax return form. Is it under Other overseas income and gains? If so, should I show the reduced amount of the gain and provide the calculation under Any Other Information? Thanks for your assistance.