Investment bonds and the chargeable event regime explained

Investment bonds don't produce income and only in unusual circumstances are bond gains subject to capital gains tax, therefore they could theoretically fall outside of the personal tax system were it not for the longstanding unique chargeable event tax provisions that apply to UK and offshore bonds. HM Revenue & Customs succinctly states that the chargeable event regime proceeds by: Identifying a chargeable event Calculating the gain arising Attributing the gain to a chargeable person Although there are five main chargeable event triggers, in this article the focus is on jus...