HMRC 'tidies up' tax treatment on pre-75 deaths with draft legislation

Jenna Towler
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Draft legislation which clarifies the position on joint life annuities and guarantee payments, as well as tax treatment on deaths prior to age 75 has been released by HM Revenue & Customs (HMRC).

The changes were first announced by the Chancellor in last year's Autumn Statement. HMRC released the draft Finance Bill legislation and draft explanatory notes in a technical consultation. It said...

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