CG69000 | Insurance: introduction
From HM Revenue & Customs · Capital Gains Manual
There are many kinds of insurance policy. Capital Gains Tax liability is most often met in relation to:
1. policies covering the risk of damage to, or loss or depreciation of, assets which are chargeable assets - see CG69030;
2. life insurance policies and deferred annuities - see CG69040- CG69080.