G BROWN
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Overseas insurer hasn't issued PLA6
I have a life annuity in South Africa which I inherited from my father (a South African resident). The overseas insurer (an investment management company) hasn't issued a PLA6. And it has been a year since the first payment was made to me. Is a PLA6 required? What should I do now? -
RE: Inheritance Tax
I don't understand the double tax treaty as the "annuity" I have inherited in SA as the beneficiary, wasn't one of the covered items for relief. The annuity has been subject to PAYE in SA so if I just put the income and PAYE information into SA106, is this good enough? I also don't understand why if I had taken the annuity as a lumpsum, I don't appear to have to declare it based on what I have read, whereas taking it as an annuity, I do?