Weekly Question - Life Assurance
Written by Niel Gavin on 15/08/2019

If your Key Person Life Policy meets the Anderson Conditions this means that?


A) Your premiums are allowable as a business expense as is the benefit

B) Your premiums receive tax relief

C) Your benefit can be paid in instalments

D) Your premiums are allowable as a business expense but the benefit is taxable


Answer is D

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