What the Texas Homestead Exemption bill would mean for property taxes and school funding
It is now in the hands of the Texas House to decide what to do about a new property tax cut plan. The author of the Senate's ...
Thinking of gifting your wife an apartment this Valentine’s Day? Here's what you need to know
Thinking of gifting a new flat to your wife this Valentine's Day? While some may view it as an extravagant gesture, it could ...
Tax Guru1d
Contract of transfer of immovable property executed without consideration: HC held no transfer within meaning of sec 2 (47)
In the recent ruling HC of Telangana have held that assessee is eligible to claim capital gain after observing that the ...
Has STCG, LTCG taxation changed in new Income Tax Bill, 2025? Know the latest capital gains tax
The new Income Tax bill will replace the existing Income Tax Act, 1961. The new bill is being brought to consolidate and ...
We want to pass our rental properties to our children - can we use a trust to beat inheritance tax?
Can I move my properties into a trust with children aged 18+ as beneficiaries? Will the income from rental go to them?
BusinessWorld3d
MAP calls for tax hike freeze, efficient spending
THE Management Association of the Philippines (MAP) urged Congress and President Ferdinand R. Marcos, Jr. to halt tax increases meant to sustaining government expenditure, citing the need to fix what ...
Tax Guru3d
Recovery of income tax arrears from property already auctioned by sales tax authority untenable
Kerala High Court held that recovery of tax arrears by income tax department from property that was already auctioned by Kerala General Sales Tax Act, 1963 [KGST] to realize tax payable under KGST is ...
New Income Tax Bill 2025: FM To Simplify 'Tax Year'; Here Are List Of 10 Key Changes Proposed In Draft
Under the new bill, the draft proposes a standard deduction of Rs 75,000 or the salary, whichever is less, where income is ...
JD Supra3d
Not Realizing the True Value of “Stuff”
For federal estate and gift tax purposes, transfers are valued at the “fair market value” of the asset on the date of transfer. One of the more ...
The low-fuss way to transfer super to a spouse
Converting to a corporate trustee shouldn’t disrupt death benefit nominations so long as the paperwork has been done ...
Inheriting an investment portfolio: Do you keep it, sell it... or give it away to avoid IHT?
Your main options will be to keep the inherited portfolio intact, cash it in, overhaul and integrate it into your own ...