https://www.taxtmi.com/forum/issue?id=2082 Whether a trust may procure a life insurance policy for its trustee turns on the trust deed's authority and purpose limitations, the nature and status of the trustees, and policy particulars; if permitted, tax consequences are to be assessed on principles akin to those for ordinary business entities, focusing on premium characterisation and the tax treatment of maturity proceeds for the trust or trustee. en-us Wed, 28 Jul 2010 17:23:04 +0530 Thu, 23 Jan 2025 15:58:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2082 Whether a trust may procure a life insurance policy for its trustee turns on the trust deed's authority and purpose limitations, the nature and status of the trustees, and policy particulars; if permitted, tax consequences are to be assessed on principles akin to those for ordinary business entities, focusing on premium characterisation and the tax treatment of maturity proceeds for the trust or trustee. Discussion-Forum Income Tax Wed, 28 Jul 2010 17:23:04 +0530 https://www.taxtmi.com/forum/issue?id=2082