Field help:
Did you have to pay someone an annuity (contract before 2008)?
Select Yes if you have to pay an annuity to a third person and the contract on which it is based was concluded before 01.01.2008.
Annuities are paid in constant amounts, i.e. a regular monthly payment of a constant amount.
The main case of an application is the transfer of assets as part of the anticipated succession. As a rule, parents transfer assets to their children during their lifetime. In return, the children undertake to pay a monthly annuity to the parents for life.
Important: Deductibility as an annuity depends on the date of the contract. Until 01.01.2008, the distinction was made between long-term financial burdens and annuities. Since 2008, benefits due to asset transfers as part of anticipated succession are always "long-term financial burdens".
