Down payment amounts above $19,000 and received as a gift must be reported on a gift tax return by the person making the gift—not the beneficiary. But that doesn't mean the donor will pay taxes. "The ...

Transferring assets within the family might seem like a straightforward ... wherein the person receiving the gift is not liable to pay taxes. “Gifts don’t trigger any tax liability for the ...

Families are often able to build up a substantial net worth through owning property, like a farm, or a small business.

"If you give more than $15,000 per year, you will very likely not have to pay any taxes. The gift tax limit is currently $11.58 million," Toups says. "So let's say you give your adult child $ ...

Editor’s note: This is part 10 of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially ...

Transferring property to a family member could have tax consequences. Below are four strategies that can help you minimize or ...

Gifting is a heartfelt way to express love and affection towards our dear ones. In 1958 by Parliament of India, the gift tax ...