When it comes to tax law matters, one important factor to consider is the duration for which your insurance coverage has been maintained. In order for tax law claims to be valid, the insurance policy must have been held for the full calendar year, spanning from January 1st to December 31st. If the policy was not in effect during this entire period, any tax law issues would be considered pre-contractual, relating to the time before the insurance policy was initiated.

To put it simply, if you obtained a legal insurance policy starting in February 2023, the year has already begun. As a result, you would need to hold the policy for a complete financial year in 2024 in order to become eligible to file a tax law claim. This means that you would not be able to pursue such a claim until 2025.

The requirement to hold insurance cover for the full financial year is based on the principle of ensuring that policyholders have continuous protection and support throughout the entire tax period. By maintaining insurance coverage for the entirety of the calendar year, individuals could seek assistance against unforeseen tax-related issues that may arise during that period.