Capital gains taxGift taxEstate taxGiftsBequestsA number of theories have been advanced to explain the size and timing of intergenerational transfers. One factor only recently explored is the effects of taxes, and in particular the estate tax, on such transfers. This paper represents the first ...
Unlike capital gains tax, where certain assets (for example, cars) are treated as exempt, there is no general concept of exempt assets for IHT purposes. However, certain assets are regarded as ‘excluded property’ and are outside the scope of IHT. Details of assets which are regarded as ...
Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series. Income Tax Return means any Tax Return relating to Income Taxes. Taxable income means, in the ca...
Gifts of securities are a cost-effective opportunity to transform your assets into immediate and significant support towards a wilder future. By donating securities, mutual funds, or stock options, you can eliminate capital gains tax and receive a charitable tax receipt for your donation. A gift ...
, the portion of a distribution attributable to rolled-over amounts which exceeds the amounts taxed in connection with the conversion to a Xxxx XXX is includable in income (and subject to penalty tax) if it is distributed prior to the end of the five-tax-year period beginning with the ...
Australian tax law presents a possible prototype for the reform of gifttaxation in the United States. Unlike the United States, Australia does not impose aseparate transfer tax on gifts and bequests. Rather, gratuitous transfers of appreciatedproperty are treated as capital gains under Australian ...
Direct gifts of appreciated assets are simply a smarter way to give allowing donors to avoid capital gains taxes, to receive a tax deduction based on current appraisal, to preserve the more liquid assets, and to relieve a portfolio of a complex asset that is no longer needed. The net procee...
Direct gifts of appreciated assets are simply a smarter way to give allowing donors to avoid capital gains taxes, to receive a tax deduction based on current appraisal, to preserve the more liquid assets, and to relieve a portfolio of a complex asset that is no longer needed. The net procee...
Direct gifts of appreciated assets are simply a smarter way to give allowing donors to avoid capital gains taxes, to receive a tax deduction based on current appraisal, to preserve the more liquid assets, and to relieve a portfolio of a complex asset that is no longer needed. The net procee...
Direct gifts of appreciated assets are simply a smarter way to give allowing donors to avoid capital gains taxes, to receive a tax deduction based on current appraisal, to preserve the more liquid assets, and to relieve a portfolio of a complex asset that is no longer needed. The net procee...