Remember, your premiums are what you pay to keep the insurance live. This is what you can deduct from yourbusiness expenses to reduce Corporation Tax. The payouts are what your insurance policy pays you as compensation if you lose the key person. This will be paid as a cash lump sum tax...
More Details can be found here: HMRC Crypto Tax Forms Optimising Your Crypto Taxes In the UK, while hiding cryptocurrency from HMRC is unwise, savvy investors use legal strategies to reduce crypto taxes: Tax Loss Harvesting: Sell cryptocurrencies at a loss to offset gains and reduce taxable inco...