Chris Chiu

Hi HRMC Admin, Further to my question on 24-Sept-2023. I have read through the document "IPTM3730 - Foreign policies: reduction for non-UK policyholder". It cannot give me clear answers to my perious questions. I repeat the questions below and hope that you can give a clearer direction to me. 1. For "Gains on foreign life insurance Policies, caption redemption policies and life annuity contracts" box, Do I need to fill in the total gain OR the reduced gain after "time apportioned reductions"? 2. For "Number of years" box, what should I fill in? The total number of years in the policy period OR only year(s) that I am UK resident in the policy period? 3. Which section I should fill in to provide the calculation of reduced gain according to "time apportioned reductions"? Is it "Any other information" section? Do I need to upload the calculation as attachment instead? Thank you!

Hi HMRC admin, I have a foreign life insurance policy surrendered and have some gain. I am going to fill in "foreign income-Other overseas income and gains section" in self-assessment but encountered some difficulties. The policy has been taken out for 14 years started from Mar 2008 and surrendered on Apr 2022. I became UK resident on Apr 2022, just a few day before I surrendered the policy. I know that I can use "time apportioned reductions" to reduce the gain. The questions are: 1. What should I fill in to the box "Gains on foreign life insurance Policies, caption redemption policies and life annuity contracts", the actual gain or the reduced gain after "time apportioned reductions"? 2. What should I fill in to box "Number of years"? 14 years or no. of year the policy run in the period that I am UK resident? 3. The insurance company had not provided me the chargeable event certificate. I am now requesting her to prepare for me. If she finally can't, what more information I need to provide to HMRC? 4. Which section I should fill in to provide the calculation of reduced gain according to "time apportioned reductions"? Is it "Any other information" section? Do I need to upload the calculation as attachment instead? Thank you!