Foreign Insurance

Stephanie_m88

Registered User
Messages
1
Hey,

Just a bit confused on the taxation of foreign life proceeds. Does anyone know if i'm correct that s 730(k) TCA 1997 applies only to investment/savings policies where cash accrues within the policy and not term life insurance where there is no cash value?

Also, does anyone know the rationale for foreign policy taxation under 594 (capital gains) and income tax under 730?
 
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