- Out of India
This article is intended for use by financial advisers who provide advice outside of India for non-resident Indians who are considering purchasing a Royal Skandia product. Non-resident Indians form one of the largest expatriate populations in the world and as such we receive numerous queries with regard to their tax position in relation to Royal Skandia products. The general taxation position as at 12 September 2011 of non-resident Indians is that they are not taxed in India on their foreign sourced income, but only on income which accrues in India or is received by them in India. No gift tax, inheritance tax or estate duties apply in India.
- Tax information for Argentina
This article is intended for use by financial advisers who provide advice outside Argentina to clients who are habitually resident in Argentina and only applies to Royal Skandia capital redemption business that is completed outside of Argentina.
- Tax information for Venezuela
This article is intended for use by financial advisers who provide advice outside Venezuela to clients who are habitually resident in Venezuela. This only applies to Royal Skandia capital redemption business that is completed outside of Venezuela.
- Tax information for Hong Kong
The following document provides an overview of the taxation of a life assurance policy held by a Hong Kong resident and is based upon our understanding of Hong Kong law and regulations.
- Tax information for Sweden
The following article provides an overview of the taxation of a life assurance policy in Sweden which are owned by a Swedish resident.
- The United Arab Emirates: Inheritance considerations
The United Arab Emirates (UAE) is a federation of seven Emirates comprising of Abu Dhabi, Dubai, Ajman, Fujairah, Sharjah, Ras Al Khaimah and Umm Al Quwain. By mid 2010, the UAE has an estimated population of 8,264,070 with approximately 88.5% of people residing in the UAE being foreign citizens. This article will focus on some considerations for the non-UAE national.
- Tax information for Spain
This article is intended for use by financial advisers who provide advice to clients who are habitually resident in Spain. This only applies to the Spanish Collective Investment Bond insurance product issued by Skandia Life Ireland Limited (‘Skandia Ireland’).
- Insurance Policies and Spanish income tax
The aim of this article is to provide a brief overview of how income tax applies to the different insurance policies under Spanish tax law.
- Tax information for Brazil
This article is intended for use by financial advisers who provide advice outside of Brazil to clients who are habitually resident in Brazil. It only applies to Royal Skandia business which is completed outside of Brazil.
- Tax information for South Africa
The following article provides an overview of the taxation of a life assurance or capital redemption bond held by a South African resident.
- Tax information for Chile
This article is intended for use by Financial Advisers who: provide advice outside of Chile to clients who are habitually resident in Chile. It only applies to Royal Skandia business that is completed outside of Chile.
- Tax information for Switzerland
The following article provides an overview of the taxation of a life assurance contract held by a Swiss resident.
- Tax information for Japan
This article is intended for use by financial advisers who provide advice outside of Japan to clients who are habitually resident in Japan. It only applies to Royal Skandia business that is completed outside of Japan.
- Tax information for Italy
This article provides information on the taxation of life policies in Italy.
- Taxation of lump sum payments from a UK pension in France
This article provides you with an overview of the changes to the taxation of lump sum payments from UK registered pensions where the individual is a French resident. The changes apply to all non-French pensions however this article focuses on pension commencement lump sum (PCLS) payments from UK registered pension schemes.
- FATCA or Fiction?
In 2010 the US Internal Revenue Service and US Treasury issued a Notice which expands on information reporting requirements and withholding tax requirements which are contained within the Foreign Account Tax Compliance Act (FATCA) (the Act) regarded by some as a piece of legislation that significantly impacts financial institutions around the world. This article provides an overview of the reporting and withholding regime and the impact on non-US life assurance companies.
- Vive la trusts
This article provides a summary of the new set of rules on the taxation of trusts in France. The changes were enacted into law in July 2011 with the aim of preventing tax avoidance through the use of trusts.
- Gaines-Cooper appeal rejected in the Supreme Court
This article provides a brief overview of the recent Supreme Court decision.
- South African Trusts
This article aims to provide an overview of South African trusts.