Another Tax Question - Assurance Vie in Luxembourg

[minnie]

During 2016 we cashed in our Luxembourg Assurance Vie which was less than 8 years old. I'm puzzling as to which box I should include the profit for tax purposes. Do I just include it in 2047 or in 2047 and 2042 Box 2TS. Logic tells me it should go in both but I'm scared of double declaring. Thanks

[minnie]

Hi there, In the absence of a response so far I've just bumped this up to the top again on the off chance that someone might have cashed in an assurance vie taken out from somewhere other than France. The reason why I cashed it in was that we heard that there's a regulation been imposed by the French authorities allowing them to stop people cashing assurance vies if they choose to do so..At our age we never knbow when we may need the money My oriiginal question remains the same

[andyh4]

Minnie

It is not just a question of an assurance de vie taken out in another country, it also relates to the double taxation treaty between Luxembourg and France. That is highly specialised and the number of posters on this board who are experts in that specialisation may be restricted to one or maybe no one.

[minnie]

Thanks Andy - never thought of that...Think I'll just pop it onto 2047 and 2042 anyway. I'd rather overdeclare than under, claiming back if they charge me twice. No tax has been taken off it in Luxembourg - that I do know. I appreciate your input.