Sentences with phrase «deduction for any surrender»

When a financial company takes over the liabilities of another financial company, those who have lent to the original company should have the right to receive their assets back at full value, with no deductions for surrender charges, etc..

The cash value of any contract shall be determined without regard to any deduction for any surrender charge or policy loan.

Not exact matches

Stop being registrars for state marriages, surrender property tax exemptions, give up the double - dip tax privilege that grants clergy a non-taxable housing allowance while letting them also claim a mortgage deduction, drop military ranks for chaplains in the armed forces.

Conservation restrictions often provide tax benefits (deductions, reductions, etc.) to landowners in return for their surrendering or limiting development rights on their property.

The QTIP trust (Qualified Terminal Interest Property trust) is designed to allow a decedent «control beyond the grave» of their assets without surrendering control of those assets to their surviving spouse - and at the same time allowing for the estate to take advantage of the marital deduction for the assets used to fund the QTIP.

You may take an immediate tax deduction for the cost basis or surrender value, whichever is less.

Tax deductions under Section 10 (10D): Under this section of the Income Tax Act, the amount of sum assured plus any bonus (i.e. the policy proceeds) paid on maturity or surrender of policy or on death of the insured are completely tax free for the receiver, subject of course to certain conditions.

Loan Facility is available for policies once it has reached the Surrender Value and maximum loan that can be taken is 80 % of the Surrender Value and Tax deduction benefit is available in this plan.