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Indemnity insurance tax
CupOfTea2012
Posts: 1 Newbie
in Cutting tax
I have received a sum of money from the indemnity insurance I had for a previous home/mortgage. I have received a cheque from the insurance company and something called a “Chargeable Event Certificate”.
On the chargeable even certificate it says:
"Amount of gain rounded down": £17602
"Amount of tax treated as paid rounded up": £3521
Does this mean I have to pay £3521? If so is there anyway I can reduce this?
Thank you so much to anyone who can help me. I would really be grateful!
On the chargeable even certificate it says:
"Amount of gain rounded down": £17602
"Amount of tax treated as paid rounded up": £3521
Does this mean I have to pay £3521? If so is there anyway I can reduce this?
Thank you so much to anyone who can help me. I would really be grateful!
0
Comments
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Indemnity insurance
Can you explain further? When and why did you take out this policy?
You are sure that this is not some form of life policy?
As far as I knew this type of policy was taken out by a mortgagee to protect its interest in case of mortgagor default?
Were you the creditor in a mortgage transaction?0
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