This screen is accessed via the data input tab within the tax return. These boxes are only for gains from life insurance policies, life annuities and capital redemption policies taken out with a UK life insurance company, the UK branch of an overseas insurer or a UK friendly society. All of the required entries should be provided on the certificate from the insurer.
- ‘Policy and event details‘ Enter a brief description of the event giving rise to the gain. This does not appear on the tax return, it is for memo purposes only.
- ‘Date of chargeable event‘ Enter the date of the chargeable event giving rise to the gain. Only gains falling in the current tax year should be included.
- ‘Amount of gain’ Enter the amount of the gain, as given on the event certificate. This relates to a chargeable gain which is taxable as income, this is not a capital gain. UK insurers must by law issue a certificate if a chargeable gain has been made.
- ‘Tax treated as paid‘ If tax has been treated as paid on the gain, enter the amount. If no tax has been treated as paid, leave this column empty.