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(2020)
Line 30 Capital gains from life insurance policies
Investment income frominsurance contracts concluded after December 31, 2004 (endowment insurance policies with a savings component and annuity insurance policies with a lump-sum option, unless annuity payment is selected), the benefit of which was paid out after reaching the age of 60 and after twelve years have elapsed since the contract was concluded, is half tax-free. For contracts concluded as of 2012, the 62nd year of life is the relevant age.
The investment income from a domestic insurance contract can be found in the tax certificate you received from the provider of your insurance.
For a foreign insurance contract, you determine the investment income from the difference between the insurance benefit and the sum of the premiums paid.
The reduction for the half tax exemption is made by the tax office.
