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How to calculate the chargable gain on a life insurance policy? If the tax payer pay a premium, says £1,000 each year for 27 years and this insurace policy cover a death coverage, say £30,000 (the beneficiary can get £30,000 if the insured passed away), the owner surrender the insurance policy at the beginning of year 28, the owner only received £26,000 when surrender this policy, does it mean that there is a chargable loss for this insurance of £1,000 (£26,000 (amount received) minus £27,000 (total premium paid)? Can the tax payer claim for the chargable loss against his other income such as saving income? If no, does the taxpayer requires to report this chargable event in the self assessment if it incurs a loss? Thank you.

Is the capital return received from a company (listed) taxable or not? This amount is not reducing the cost of investment and the description is capital return. The units and the cost of investment has not changed due to this capital return.