Page 4 - Taxation F6
P. 4

Special Inclusions









          • Annuities



          • All annuities are included in the gross income

               regardless of whether they are of capital nature.



          • Annuities from:


          a)  Insurance company



          b)  Granted as a gift or legacy.


          c)  From a sale of business or an asset or surrender


                 of a right.


          - Fixed contractual payment on an annual basis



          - Instalments do not constitute an annuity.




                                                                                                                                       4
   1   2   3   4   5   6   7   8   9