Wealth tax valuation factors for life interests enable capitalisation of recurring life payments under the Wealth Tax Rules. Appendix table under the Wealth Tax Rules, 1957, listing for each age the premium for unit sum assured (P), the factor (1/(p + d) - 1), and the value of a ... Summary
Wealth tax valuation factors for life interests enable capitalisation of recurring life payments under the Wealth Tax Rules.
Appendix table under the Wealth Tax Rules, 1957, listing for each age the premium for unit sum assured (P), the factor (1/(p + d) - 1), and the value of a life interest of Re. 1 per annum at a 61/2% interest rate, to be used in valuing life-contingent interests for wealth-tax purposes.
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