Social Media Ideas for Gift Tax

The Gift Has Changed Hands-But Has Its Tax History Also Changed?

The Gift Has Changed Hands-But Has Its Tax History Also Changed?     Last week, I shared an interesting conversation over my morning cup of tea with a relative whose nephew was pro...

How grieving families paid £315m in tax on gifts in just one year

Grieving families were forced to pay a record £315 million tax in a single year on gifts that their loved ones made to them towards the end of their lives.

Inherited Property: A Gift of Wealth or a Bundle of Tax Questions?

Inherited Property: A Gift of Wealth or a Bundle of Tax Questions?     There are some things in life that come without a purchase bill. A parent’s blessings, family photographs, ol...

Gift Tax: The Tax Implications of Supporting Adult Children

Do you currently have adult children who are not your dependents living under your roof? If you are supporting adult children, or […] The post Gift Tax: The Tax Implications of Sup...

5 Tax-Efficient Ways to Pass on Wealth in India: A Framework

Gifts to specified relatives are fully tax-free under Section 56(2)(vii). Here are 5 methods – from nomination to private trust – ranked by simplicity and when each one fits.

Gifting out of income – The overlooked way to reduce Inheritance Tax

For many people, giving financial support to family members is an important part of their financial planning. Whether it is helping children with pension contributions or providing...

The little-known inheritance tax trap that lies in wait for 14 years then snares you with a huge bill ...and the steps y...

A race is under way to hand cash and other assets to younger generations ahead of a new inheritance tax levy on unspent pensions.

Gift या Will: बच्चों को संपत्ति देने का कौन सा तरीका बेहतर? जानिए टैक्स और कानूनी फर्क

ITAT Jaipur Quashes Rs. 31.40 Lakh Unexplained Money Addition U/S 69A on Gifts Received from Parents

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has removed Rs 31.40 lakh addition u/s 69A, determining that the source of cash deposits had been supported by bank rec...

When is a gift exempt from Inheritance Tax? The seven-year rule explained

According to recent research, the amount of Inheritance Tax (IHT) paid on gifts rose by £13 million when compared to the previous year. Many people incorporate lifetime gifts to lo...

WSJ: The IRS Is Cracking Down on a Favorite Way the Ultrawealthy Pass On Money

Grantor retained annuity trusts (GRATs) are a longstanding staple of high-end estate planning. The basic structure is well-traveled: a grantor transfers appreciating assets to an i...

We gifted our house to our daughters - will they still face IHT bill and should I take ownership back?

My husband and I transferred ownership of our house to our daughters in 2012. My husband died but I still live in the house.

How inheritance tax works - and what families MUST know

The 40% inheritance tax rate is drastically high - but only applies if you have amassed enough assets for your loved ones to become liable on some chunk of them.

Estate and Inheritance Taxes by State, 2026

In addition to the federal estate tax, which has a top marginal rate of 40 percent, 12 states and the District of Columbia impose estate taxes, while five states levy inheritance t...

Property value rose before registration; ITAT scraps Rs 11.35 lakh tax on buyer

Under Section 56(2)(x), there is applicable taxation of such a difference in the buyer's hands if the stamp duty value of the property is higher than the purchase consideration by...

Couple buys Rs 60L flat, husband taxed on Rs 34.81L stamp-duty gap; ITAT objects

Can the entire difference between a property’s actual purchase price and its stamp-duty value be added to the income of just one of its co-owners? A recent ruling by ITAT Mumbai ha...

Rush Gift Tax Appraisal Services Now Available Ahead of the October 15 Filing Deadline

Gold, Gold Everywhere—But What Happens to Your Tax When You Exchange It?

Gold, Gold Everywhere—But What Happens to Your Tax When You Exchange It?   In India, gold is not merely a metal. It is an emotion. It is a wedding tradition, a family heirloom, an...

Anonymous Donations Cannot Be Treated as Unexplained Cash Credits Merely Because Donor Identity Is Unknown: ITAT

Anonymous Donations Cannot Be Treated as Unexplained Cash Credits Merely Because Donor Identity Is Unknown: ITAT   Vishakhapatnam ITAT holds that where a Section 12A trust treats a...

Delhi ITAT Quashes Rs 1.13 Cr Additions Over Married Daughters’ Gold Jewellery Kept at Parents’ Home

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) removed Rs 1.13 crore additions of jewellery and cash discovered during the NIA search, carrying that married daughters...

Treasury Finalizes Updated User Fee for Estate Tax Closing Letters: A Technical Analysis for Tax Practitioners

Treasury Decision 10055, RIN 1545-BS10, Sept. 25, 2026 The Department of the Treasury and the Internal Revenue Service (IRS) have issued Final Regulations (Treasury Decision 1...

A Nephew Is a Relative—But Is He a Lineal Descendant?

A Nephew Is a Relative—But Is He a Lineal Descendant?     A few weeks ago, a seemingly simple family transaction came up for discussion. A nephew wanted to gift an immovable proper...

The estate-tax trap that lurks below the federal exemption

State-level estate taxes can be imposed at much lower thresholds. From domiciles to the timing of moves, here's what financial advisors should keep in mind.