Jethro Tull
Registered User
- Messages
- 262
For those of you that don't know about it already details are here:
I was just wondering about the legality of this offer from a tax point of view. If you buy a motor policy and health policy there is a cross subsidy (these 2 policies are subsidising the Quinn household book). Nothing wrog with that you might think. However health premiums are quoted net of tax relief. Health insurers then get the tax relief from the revenue as the rest of the actual (gross) health premium. Is there not a case here where tax relief on health insurance is being used to cross subsidise Quinn's household book and if there is then this is surely illegall? I asked a few people in the compliance department in my company and they definately think there is an issue to be investigated here.
Anyone on here with legal expertise (I have zero!) who have an opinion on this?
I was just wondering about the legality of this offer from a tax point of view. If you buy a motor policy and health policy there is a cross subsidy (these 2 policies are subsidising the Quinn household book). Nothing wrog with that you might think. However health premiums are quoted net of tax relief. Health insurers then get the tax relief from the revenue as the rest of the actual (gross) health premium. Is there not a case here where tax relief on health insurance is being used to cross subsidise Quinn's household book and if there is then this is surely illegall? I asked a few people in the compliance department in my company and they definately think there is an issue to be investigated here.
Anyone on here with legal expertise (I have zero!) who have an opinion on this?