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Taxation of offshore bonds: the facts (21 minutes)

17 Jun 2019

21 minute CPD reading

Find out how offshore life assurance bonds are taxed in the hands of individuals and trustees.

Learning outcomes

  • Offshore bonds grow in a virtually tax-free environment which is known as gross roll-up.
  • Individuals can offset their gain against any unused personal allowance, the starting rate of 0% and the personal savings rate if applicable.

  • Individuals may be able to make use of top slicing to reduce the tax payable on the gain

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