UK Endowment Policies
#1
Forum Regular
Thread Starter
Joined: Jul 2002
Posts: 54
UK Endowment Policies
Hi,
Has anyone any idea how the IRS in the US treats British endowment policies?
When we moved here from the UK we sold our house, but we have kept our endowment policies going.
I just want to make sure the IRS aren't going to try to tax them - which would make keeping up the payments a signiicantly less attractive option.
At maturity they would not be liable to tax in the UK.
britintx
Has anyone any idea how the IRS in the US treats British endowment policies?
When we moved here from the UK we sold our house, but we have kept our endowment policies going.
I just want to make sure the IRS aren't going to try to tax them - which would make keeping up the payments a signiicantly less attractive option.
At maturity they would not be liable to tax in the UK.
britintx
#2
Forum Regular
Thread Starter
Joined: Jul 2002
Posts: 54
Endowment Policies take two.....
My fisrt posting did not elicit any response from all those knowledgable people out there, so I'll try again.
britintx
britintx