A:

Yes. Taxpayer can make deduction claim for more than one insured person in respect of qualifying premiums paid. However, the maximum deduction allowable is capped at $8,000 for each insured person. Taxpayer can claim a total deduction of $16,000 (capped at $8,000 for his own VHIS policy, $6,000 and $2,000 for his spouse and his child’s VHIS policies respectively) for the year of assessment 2021/22.

A:

Yes. There is no limit on the number of taxpayers who can make a claim for tax deduction for the same insured person. However, the maximum deduction allowable to a taxpayer for each insured person is capped at $8,000. Taxpayer and his brother can claim a deduction of $8,000 (cap) and $2,000 for the year of assessment 2021/22 respectively.

A:

Yes. If a taxpayer has procured more than one VHIS policy for the same insured person, the taxpayer may still claim deduction for the various premiums paid, subject to the $8,000 cap for each insured person.

A:

No. Only the taxpayer as policy holder or his spouse is eligible to lodge deduction claim.