https://www.taxtmi.com/acts?id=6481 Valuation of life interest links market value to the average annual income from the life interest multiplied by an actuarial factor derived from the annual premium for whole-life assurance and an interest-rate term; definitions limit average-income computation to recent years net of collection expenses with a capped deduction; the tax officer may increase valuation for uninsurable lives, and the life-interest value cannot exceed the market value of the trust corpus. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 14 Sep 2012 15:52:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6481 Valuation of life interest links market value to the average annual income from the life interest multiplied by an actuarial factor derived from the annual premium for whole-life assurance and an interest-rate term; definitions limit average-income computation to recent years net of collection expenses with a capped deduction; the tax officer may increase valuation for uninsurable lives, and the life-interest value cannot exceed the market value of the trust corpus. Act-Rules Wealth-tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6481