Partner | London
Our knowledgeable global tax team can help you to use your insurance contracts to simplify your estate plans and achieve more efficient income and capital gains tax results. This approach may be especially useful if you have cross-border interests.
Insurance can play a vital role in achieving superior income and capital gains tax results.Many clients naturally view insurance as risk mitigation, and this is primarily how insurance or annuity contracts are used.
Buying single premium life insurance policies in the form of contracts is simple and more flexible than managing the taxation and reporting around individual or directly purchased contracts, and additionally benefits from the services of professional investment managers. A practical example of how this can simplify your estate plans is using insurance contracts to shelter a portfolio from the punitive Passive Foreign Investment Company rules in the US.
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