Monday, September 14, 2009
Continental Europe, ctd.
Most jurisdictions: judge has power to
award annuity
- i.e. agreement of both parties is not needed.
- Non-motor damages: indexation basis can be
set by judge and indexation is borne by
general insurer
In general, annuities for wage replacement
are taxable,
- otherwise tax free (e.g. nursing care)
award annuity
- i.e. agreement of both parties is not needed.
- Non-motor damages: indexation basis can be
set by judge and indexation is borne by
general insurer
In general, annuities for wage replacement
are taxable,
- otherwise tax free (e.g. nursing care)
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