Latest updates for Tax Abatement

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Recent items include:

  • Man pays ‘zero tax’ on Rs 5 crore land sale despite filing ITR late; why ITAT gave tax exemption
  • Council Considers Tax Abatement to Fund Canal Crossing Affordable Apartments, Public Benefits
  • Anambra Govt Approves Three-Month Tax Waiver to Encourage Voluntary Compliance

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timesofindia.indiatimes.com /1 month ago

Man pays ‘zero tax’ on Rs 5 crore land sale despite filing ITR late; why ITAT gave tax exemption

Mumbai ITAT grants capital gains tax relief to a taxpayer who filed his Income Tax Return late. The tribunal ruled that reinvesting gains into a new property before a belated retur...

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jcitytimes.com /1 month ago

Council Considers Tax Abatement to Fund Canal Crossing Affordable Apartments, Public Benefits

$774 per month for a studio apartment. $829 for a one-bedroom apartment. $995 for a two-bedroom apartment. $1,149 for a three-bedroom apartment. Affordable housing dreamers are lik...

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thenews-chronicle.com /1 week ago

Anambra Govt Approves Three-Month Tax Waiver to Encourage Voluntary Compliance

The Anambra State Government has approved a three-month tax waiver for residents and businesses under its newly introduced Voluntary Assets, Income Declaration and Tax Regularisati...

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savingadvice.com /1 month ago

New York’s 2026 Tax Break Lets Cities Slash Up to 65% Off Seniors’ Home Values — But You Have to Ask for It

For many retirees in New York, rising property taxes have become one of the biggest threats to staying in the homes they worked decades to...

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jcitytimes.com /3 weeks ago

Controversial ‘Canal Crossing’ Abatements Put on Hold, Legislative Counsel Vote May be Postponed

Local officials at Monday night’s City Council caucus said that a decision on a pair of controversial tax abatements and the creation of the City Council’s first-ever legislative c...

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accountingtoday.com /1 month ago

San Diego rejects tax on second homes left vacant much of year

A budget analyst estimated about 5,100 properties would have been eligible for the tax, generating between $9.2 million to $21.4 million in its first year.

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tribune.com.pk /3 weeks ago

Mazar tax exemption okayed

Traders allowed to exit fixed tax scheme; car import duties slashed up to 56%

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savingadvice.com /1 month ago

The $60,000 Texas Homestead Boost Every Homeowner Over 65 Should Claim

The national average property tax bill for single-family homes is about $4,427 annually, reflecting an effective tax rate of 0.90% of the home’s value. However,...

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reason.com /1 month ago

Streamlining and Taxes

New York lawmakers exempt some housing from the state's environmental review law while piling taxes on second homes.

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jcitytimes.com /1 month ago

Tax Abatements, Parking Cameras Headline City Council Agenda This Week

The Solomon administration will look to sell the City Council on two types of “pilots” this week. The council will consider a PILOT — an acronym for “payment in lieu of taxes” — fo...

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tribune.com.pk /1 month ago

Shipping tax removal to boost investment

Withdrawal of 18% sales tax meets longstanding demand of industry stakeholders

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savingadvice.com /1 month ago

How Some New York Seniors Cut Their Home’s Taxable Value by 65%

Property taxes are one of the biggest ongoing expenses facing retirees, especially in a state like New York, where tax bills can be among the...

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blog.saginfotech.com /1 day ago

CBDT Notifies Tax Exemption for BBN Development Authority Under Section 10(46)

The Central Board of Direct Taxes (CBDT) has announced the Baddi Barotiwala Nalagarh Development Authority (BBNDA) u/s 10(46) of the Income-tax Act, 1961, granting income tax exemp...

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jcitytimes.com /1 month ago

Jersey City Council Advances Proposed ‘Canal Crossing’ Abatements to Public Hearing

Mayor James Solomon’s thinking appears in line with that of the City Council for the first pair of tax abatements proposed under his administration. At its Wednesday night meeting,...

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thetaxtalk.com /1 month ago

Section 54F Relief on 50 Future Flats? Hyderabad ITAT Says Yes

Section 54F Relief on 50 Future Flats? Hyderabad ITAT Says Yes   Taxpayers entering into Joint Development Agreements (JDAs) often face a peculiar problem. While the Income Tax Dep...

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thecitizen.co.tz /3 weeks ago

Tax relief offered as government revises the Finance Bill 2026

The government has introduced sweeping amendments to the Finance Bill 2026, removing the proposed Sh10-per-kilogram levy on locally produced sugar, reducing excise duty on imported...

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tribune.com.pk /3 weeks ago

NA body defers PIA tax exemption

Committee gives govt option to either withdraw concessions or extend to all airlines

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thehindubusinessline.com /1 week ago

Aircraft, ship lease payments to IFSC units exempt from TDS for 20 years

Leasing entities in IFSCs will enjoy improved liquidity as funds are no longer locked up in TDS credits

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savingadvice.com /1 month ago

The Florida Residency Rule That Can Erase Property Taxes After 25 Years

At the time of writing, the property tax rate in Florida is approximately 0.75% to 0.82%. For a median-valued home in the state, this means...

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savingadvice.com /1 week ago

Boston’s $1,000 Property Tax Break: Who Qualifies After Age 65?

Property taxes in Boston keep climbing, and for many older homeowners living on fixed incomes, that annual bill can feel like a growing threat to...

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scmp.com /1 month ago

Hong Kong gazettes tax break for fund managers’ bonuses to bolster role as wealth hub

The Hong Kong government gazetted a bill on Friday that, if passed, would waive salary tax on fund managers’ performance-linked bonuses, so long as they meet certain requirements,...

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wealthmanagement.com /1 month ago

What Advisors Get Wrong About Real Estate Tax Deferral

Getting the deduction is one thing. The harder part is earning the right to use it.

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accountingtoday.com /1 month ago

DeSantis proposes axing taxes on most primary homes in Florida

The governor proposed to lift the exemption on homesteaded properties to $250,000, which would fully eliminate property taxes for 60% of Floridians.

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tribune.com.pk /1 month ago

Annual tax losses restricted to Rs2.35tr

Customs duty exemptions drop 24% to Rs499b; FTA-related cost zero

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Sources covering Tax Abatement

scmp.com

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blog.saginfotech.com

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jcitytimes.com

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reason.com

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thetaxtalk.com

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timesofindia.indiatimes.com

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