Field help:
Did you have to pay someone an annuity (contract before 2008)?
Select "yes" if you pay an annuity to a third party and the underlying contract was concluded before 01.01.2008.
Annuities are paid in fixed amounts, i.e. a regular monthly payment of the same amount.
The main application is asset transfers as part of anticipated inheritance. In this case, parents usually transfer assets to their children during their lifetime. In return, the children commit to paying a monthly annuity to the parents for life.
Important: The deductibility as an annuity depends on the date of the contract. Until 01.01.2008, a distinction was made between permanent burdens and annuities. Since 2008, pension payments due to asset transfers as part of anticipated inheritance are always "permanent burdens".
