Property gifts between lineal ascendants/descendants are fully tax-exempt but must be documented via a registered deed and ...

On the other hand, a one-time lump sum alimony is generally treated as a capital receipt and therefore not taxable in the recipient’s hands. When a divorce involves both a one-time settlement and ...

Recent claims have circulated suggesting that a clause in a Spanish will can completely exempt heirs from paying the Impuesto ...

Except for listed securities and equity-oriented schemes, which require a 12-month holding period, all other capital assets ...

Manju Dhake, Head – Insurance Advisory Practice at 1 Finance, says term insurance remains essential for dual-income couples ...

Estimates of federal revenue forgone due to the tax exemptions of U.S. nonprofit hospitals relative to the community benefits ...

More tightening of the rules around inheritance tax – especially around gifting – could potentially be coming in the Budget.

The Authority held that the applicant’s diploma courses form part of a curriculum leading to qualifications recognized by law. Educational services provided to students are exempt from ...

The Chancellor is due to outline her latest plans for the economy on November 26, which are expected to include revenue ...

Manchester City Council has updated its Discretionary Council Tax Policy (DCTP) to offer a 100% council tax discount to residents who are terminally ill. To qualify, a person must have a ‘progressive ...

West Virginia is preparing for a significant shift in its tax landscape as lawmakers move forward with a plan that will fully ...

This unique policy can be an ideal option for those looking to leave a legacy, support their heirs, or manage estate taxes. When planning your estate, it’s important to understand how taxes may affect ...