Are Insurance Claims Taxable Uk. Let me expand a little further on that answer. Especially when you consider that here in the uk over the years taxpayers have had to fork out for some pretty strange things.
If you bring a claim for personal injury, it may well include a claim for loss of earnings. However, according to tax rules, inheritance tax is applicable in many. While the life insurance payout itself is not in itself taxable in the uk, in some circumstances the person who receives it may have to pay tax.