Insurance duty
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Duty is charged on
life insurance and general insurance.
Duty payable is a percentage of:
- the premium paid in relation to contracts of
General insurance,
- the sum insured by a
Life insurance policy,
- the first years premium of a
Temporary or Term insurance policy, and
- the premium paid on a
Mortgage insurance policy.
Refer to the
Duties Act 2001 legislation for further details on insurance duty.