Inheritance Tax Act 1984 section 263

Annuity purchased in conjunction with life policy

Section 263 deals with the inheritance tax treatment of so-called "back-to-back" arrangements, where an annuity is purchased alongside a life insurance policy and the benefit of the policy is directed to someone other than the annuity purchaser.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.