In some cases,using a trustcan allow you to give to your children tax-free, while retaining limits on how the money is used or when they can access it. Trusts can also help you ensure that the money you gift to an individual is for their use only. Gifting money without hurting your ...
Is it necessary to execute a gift deed? Documentation is always advisable for any scrutiny also to justify the genuineness of the gift transaction and avoid charges for tax evasion. Can Shares be gifted to a friend? If the monetary value of the gift is up to INR 50,000, it is t exemp...
... This lifetime exemption means one will not have to pay gift tax on further gifts. Is it better to gift or inherit property? It's generally better to receive real estate as an inheritance rather than as an outright gift because of capital gains implications. The deceased probably paid ...
Property tax records do not contain enough information to constitute a legal description of a property. The person who is assessed the property tax may not be the legal owner of the property, so individuals should not rely on property tax records to make a determination of ownership. This is ...