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Alexander Baron von Engelhardt Group moderator
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Life Insurance as Financial Instrument Deductible?
When financing the purchase of a real estate or something else likewise costly, a life insurance can be an item needed to secure your loan from the bank. Normally, costs of a life insurance are only a personal deductible and have no influence on your profit from business or the surplus of your income over the expenses from renting. The Federal Tax Court gave its decision to this issue on February 25, 2009 (re IX R 62/07).

More online:
http://www.lg2g.info/Business-Tax-News_Income/life-insurance...
- 05 Dec 2009, 1:32 pm
Alexander Baron von Engelhardt wrote: > When financing the purchase of a real estate or something else > likewise costly, a life insurance can be an item needed to secure > your loan from the bank. Normally, costs of a life insurance are only > a personal deductible and have no influence on your profit from > business or the surplus of your income over the expenses from > renting. The Federal Tax Court gave its decision to this issue on > February 25, 2009 (re IX R 62/07). > > More online: > http://www.lg2g.info/Business-Tax-News_Income/life-insurance-as-financial-instrument-deductible.html