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Tax Avoidance (Insurance Funds)

Volume 889: debated on Monday 24 March 1975

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asked the Chancellor of the Exchequer whether he will make a statement on the talks held by the Inland Revenue and the Life Offices Association regarding the availability of full tax relief on unit linked insurance funds until 5th April 1975; whether any agreement was reached that possible tax avoidance measures should not be advertised; and whether he is satisfied that no such advertisements are being published.

The Inland Revenue has held no talks about the availability of tax relief on life assurance policies or funds "until 5th April 1975" and no change in the rules for life assurance relief is effective on that date. If my hon. Friend has a particular case in mind and would like to send me details, I shall look into it.