14, 2004). Here are some allowable estate tax planning methods. The TRAIN Law has lowered the donor’s tax to 6% of the value of the property donated. Accordingly, estate tax, donor’s tax and ...
Estate planning has undergone significant changes over the last 25 years ... The property is currently valued at $500,000. If you sold the vacation property today, you would pay capital gains tax on ...
The Income Tax Act divides the income received by a person into five different heads. One of them is the income from house property that comprises the income earned by a person through the ...
People with second homes might not give much thought to the estate taxes that ... your estate planning attorney knows about all your assets, including your out of state real estate and any foreign ...