Life Insurance Ruling

Life insurance: Ruling does not affect open procedure for the recognition of advertising costs Tagerwilen to the taxation of interest income, may 4, 2009. The world reported an interesting judgment”relating to life insurance. Then, a couple was sentenced to pay tax on the interest income of life insurance concluded before the year 2005. The insured had terminated the policy before the expiration of 12 years, fearing the bankruptcy of the insurer. This judgment does not however in connection with the procedure for the recognition of expenses for life insurance”, so the Swiss Prozesskostenfinanzierer proConcept AG.

The Mannheimer life some time was a shaky candidate, until she was incapacitated in 2003 and was taken under the umbrella of protector. This situation was however long unclear. The uncertainty and fear of losing the invested contributions took also an insured couple, his contract prematurely so before the end of the 12 years necessary for the income tax exemption to terminate. In the procedure with the REF. 12 K 10521/05 complained it against the taxation of interest from his contract in the it at least got paid, but less paid ten years and seven months, as it had paid. They were consequently believed, they had the advantage of no interest.

However, the Niedersachsische Finanzgericht not admitted this line of reasoning. While the procedure could give the impression, as if the Lower Saxony Finance Court should decide whether the deduction of advertising costs the acquisition costs and the additional insurance costs reducing the tax affects on interest income”, Jens Heidenreich declared as Director of the Swiss proConcept AG, which currently Court examine the question of tax recognition of advertising costs in life insurance for a large number of victims in proceedings pattern LV doctor is in the framework of the project. Closer look, is in the verdict read that the customers of only the opinion were, that they do not tax their interest because they were forced to cancel the contract due to the impending bankruptcy. This judgment has nothing to do with the issue of the deduction of advertising costs”, explains the LV doctor boss Heidenreich. LV doctor should continue at all Einkommensteuerbescheiden to appeal and to refer to the existing test case procedure. We offer all necessary information, the appeal of the pattern and more interested in the pages of proConcept. You insist on suspending the proceedings until was decided in our process”, says Heidenreich and../lv-doktor_einkommensteuer_versicherungen.html refers to the consumer protection sites under. The file number of the Finanzgericht Dessau procedure operated by proConcept is: 2 K 1169/08. The proConcept AG represents the interests of more than 50,000 people as Kounamouta. The company assumes only the funding and enforcement of claims from so-called dispersed damages. It is these in individual or collective procedures together with on the respective areas of law through specialized law firms without any financial risk for individuals.