The Personal Portfolio Bonds (Tax) Regulations 1999
These Regulations make provision for a yearly charge to tax on gains treated as arising in relation to policies of life insurance, contracts for life annuities and capital redemption policies that are personal portfolio bonds, and for the application of the provisions in Chapter II of Part XIII of the Income and Corporation Taxes Act 1988 (“the 1988 Act”) in relation to those gains. The Regulations have effect in relation to years (as defined) ending on or after 6th April 2000.