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Who is liable for the tax when a bond is under trust?

Author Image Les Cameron Head of Technical
6 minutes read
Last updated on 23rd Apr 2021
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Who is liable for the tax when a bond is under trust?

6 minutes View transcript

Find out who is liable for the tax on an insurance bond chargeable event where the plan is held under trust.

"Prudential" is a trading name of Prudential Distribution Limited. Prudential Distribution Limited is registered in Scotland. Registered Office at Craigforth, Stirling FK9 4UE. Registered number SC212640. Authorised and regulated by the Financial Conduct Authority. Prudential Distribution Limited is part of the same corporate group as the Prudential Assurance Company. The Prudential Assurance Company and Prudential Distribution Limited are direct/indirect subsidiaries of M&G plc, a company incorporated in the United Kingdom. These companies are not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.