If it originates from a trust or organisation that is permitted to conduct business by virtue of Section 12A or 12AA If a person (donee) receives it from a trust that was set up or made just for the benefit of the person's relative. Income Tax on Gift Deed When it comes to gift...
Married couples face several potential complications when it comes to resetting their basis. This is because they often own assets jointly. Note that individuals don’t have to be married to jointly own assets; some of the rules I will describe in the following section work differently for unmar...
CEOGift on well-known CEO attributes such as tenure, duality, ownership, and age, and (3) CEOGiftIndustry-adjusted is the CEO gift measure adjusted for industry average gifting ratio (excluding the focal firm) to capture the “abnormal” stock donation of a CEO relative to their industry ...
For example, wisely using accelerated depreciation methods while taking advantage of tax credits can produce a low tax burden in year #1 which also reduces estimated tax payments for year #2. Many good tax results are from a tax advisor who explains why an area of the tax law is not clear...