Page 15 - P6 Slide Taxation - Lecture Day 2 - Donations tax and Estate duty.
P. 15

Deemed property:  Domestic life




                                            insurance policies






       • Exclusions – not deemed property :


              – To spouse/child ito antenuptial or postnuptial contract



              – Beneficiary is co-shareholder and will enable him to

                   purchase deceased shares



              – Policy taken out by third party and proceeds are payable

                   to such person


                      • No premiums paid by deceased


                      • No amount to:

                             – Estate of deceased

                             – Relative or dependent of deceased


                             – Family company of deceased
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