Tax implication for a trust
2 posts • Page 1 of 1
by paul b on Wed Feb 26, 2003 12:00 am
My girlfriend has taken out term life insurance for £80000 and she pays the premiums monthly. She has put the proceeds should she die in trust. I am a trustee and the sole beneficiary. Will I have to pay tax on the £80000 if she dies
- paul b
- Posts: 1
- Joined: Wed Aug 06, 2008 3:02 pm
by deanshepherd on Sun Apr 17, 2005 5:55 am
Simple answer is no. Insurance proceeds are not taxable.
- deanshepherd
- Posts: 1082
- Joined: Wed Aug 06, 2008 3:23 pm
2 posts • Page 1 of 1
TaxationWeb Limited (Registered in England No. 4571386), 6 Coleby Avenue, Peel Hall, Manchester, M22 5HH, United Kingdom
Information which you supply whilst using this website may be held in our computer records and may be used to send you information which we think might be of interest to you. If you do not want your information to be used for such purposes please write to us at: 6 Coleby Avenue, Peel Hall, Manchester M22 5HH, UK, or email us
Website by Dorifor Internet Marketing | Powered by phpBB
Dorifor Tax Group - our portfolio of tax sites:
