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Top slicing relief - Readers' planning points, pitfalls and other correspondence

16 May 2001 / Paula Sparrow , Noel Flanagan , Andrew Mortimer
Issue: 3807 / Categories: Forum & Feedback

 

A Revenue tax calculation recently issued for 1999-2000 did not take account of top slicing relief on an insurance policy chargeable event when calculating the capital gains tax liability. The circumstances of the case are fairly unusual, as the client's income was very low and the chargeable event relatively small, but there were substantial capital gains.

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