What is the tax position with regard to any gain made by purchasers of part or all of a life settlement?
As a company trading in a portfolio of Life Settlements, easy Life Settlements will pay tax at the normal corporate rate applying. For individual purchasers of part of a life settlement portfolio, any tax that may be payable will depend upon the residence and domicility of the individual, together with their individual financial circumstances. Purchasers should take professional advice, but our view is that should any gain be taxable, the tax will be a capital tax rather than an income tax.
