The tax treatment of insurance contracts : Income from the provision of capital within the meaning of Section 27(5)(3) of the Income Tax Act

Benjamin Weisgram

ISBN 10: 6209832385 / ISBN 13: 9786209832383

Edité par Our Knowledge Publishing, 2026

A propos de cet article

nach der Bestellung gedruckt Neuware - Printed after ordering - At a time when the number of private pension and life insurance policies being taken out is steadily rising and new payment and payout arrangements are constantly being offered, the legislator has also been compelled to respond in order to prevent unjustified tax loopholes. This paper explains the conditions under which the difference between the insurance premium paid and the insurance benefit received is subject to tax. Following a brief overview of legal developments leading up to the current scope of taxation, the second part describes the criteria for taxation and the basis for assessing the tax liability. Subsequently, the tax treatment of pension payments and surrender payments upon policy transfer is explained, which in practice can lead to considerable difficulties in distinguishing the relevant taxable items. Finally, the criteria under which foreign insurance products are also subject to tax are set out.

N° de réf. du vendeur 9786209832383

Détails bibliographiques

• Titre: The tax treatment of insurance contracts : Income from the provision of capital within the meaning of Section 27(5)(3) of the Income Tax Act
• Éditeur: Our Knowledge Publishing
• Date de parution: 2026
• Langue: anglais
• ISBN à 10 chiffres: 6209832385
• ISBN à 13 chiffres: 9786209832383
• Reliure: Taschenbuch
• État de l'article: Neu
• Dimensions: 220 L x 150 H x 5 P (en millimètres) 220 millimètres de largeur par 150 millimètres de hauteur par 5 millimètres de profondeur
• Poids: 107 grammes

A propos de ce titre

Synopsis

At a time when the number of private pension and life insurance policies being taken out is steadily rising and new payment and payout arrangements are constantly being offered, the legislator has also been compelled to respond in order to prevent unjustified tax loopholes. This paper explains the conditions under which the difference between the insurance premium paid and the insurance benefit received is subject to tax. Following a brief overview of legal developments leading up to the current scope of taxation, the second part describes the criteria for taxation and the basis for assessing the tax liability. Subsequently, the tax treatment of pension payments and surrender payments upon policy transfer is explained, which in practice can lead to considerable difficulties in distinguishing the relevant taxable items. Finally, the criteria under which foreign insurance products are also subject to tax are set out.