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