Uk tax on german maturing "endowment"

Is the maturity of a tax free german endowment taxable for a UK resident?

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My client is a UK resident with german domicile of origin, but he is not claiming non domicile status in the UK.  He has received the maturity proceeds of a german "Lebensversicherungen" which is an endowment policy which is tax free in Germany, much like a UK qualifying endowment is tax free in the UK.  I wonder if this is taxable in the UK?  I do know that a UK qualifying endowment is taxable for US persons, for example, and I wonder if the UK woud treat overseas policies the same way that the US does (though I hope not).  thanks

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Scooby
By gainsborough
04th Jul 2018 18:30

Probably best for you/your client to contact the insurance company to ask them if this gives rise to a chargeable gain.
I think HMRC helpsheet HS321 gives further details on gains on foreign policies.

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Scooby
By gainsborough
04th Jul 2018 18:31

Duplicate

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