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The Puzzle of Life Office Tax

Published online by Cambridge University Press:  10 June 2011

T.C. Sole
T.C. Sole
Affiliation:
State Insurance Limited, Microsoft House, 3-11 Hunter Street, P.O. Box 5037, Wellington, New Zealand. Tel: + 64 4 496 9601; Fax: + 64 4 471 6952; E-mail: tim.sole@norwich.co.nz
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Abstract

This paper takes a broad look at tax in general and some of the tax issues peculiar to life offices. A theoretical model for the taxation of life offices and their policyholders is then developed. Moving from theory to practice, the paper then offers its own solution to the ‘puzzle’. Appended by way of background reading are brief histories and summaries of life office tax in the UK, New Zealand, USA and Canada.

Keywords

Life OfficeProfitsTax
Type
Sessional meetings: papers and abstracts of discussions
Information
British Actuarial Journal , Volume 1 , Issue 1 , 01 April 1995 , pp. 79 - 105
Copyright
Copyright © Institute and Faculty of Actuaries 1995

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References

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