Consultation outcome

Withdrawing relief for interest on loans to purchase life annuities

• From: HM Revenue & Customs
• Published: 8 July 2013
• Last updated: 10 December 2013 — See all updates

This consultation has concluded

Read the full outcome

Withdrawing relief for interest on loans to purchase life annuities

PDF, 40.1 KB, 7 pages

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Detail of outcome

Following consultation, the government has decided not to withdraw relief for interest on loans taken out to purchase life annuities by people aged 65 or over before 1999. This document summarises the responses received to the consultation and explains why the government has decided not to go ahead with the planned repeal.

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Original consultation

Summary

This consultation seeks views from interested parties on withdrawing relief for interest on loans to purchase life annuities.

This consultation ran from
8 July 2013 to 11:45pm on 30 September 2013

Consultation description

At Budget 2013 the Government announced that it would consult on the impact of withdrawing the relief for interest on loans taken out by individuals aged 65 or above before 1999 to purchase life annuities.

This consultation seeks views from interested parties on withdrawing the relief and whether it may have impacts beyond those identified by the Government.

Documents

Withdrawing relief for interest on loans to purchase life annuities

PDF, 74.5 KB, 12 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Published 8 July 2013
Last updated 10 December 2013 + show all updates

1. 10 December 2013

   Added Withdrawing relief for interest on loans to purchase life annuities Summary of Responses 10 December 2013

2. 8 July 2013

   First published.