India’s government announced a fresh set of measures to boost investments in the Gujarat International Finance Tec-City, or ...

U.S. recipients from former U.S. citizens or long-term residents ("covered expatriates"). IRS finalized the regulations.

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 ...

GIFT City has made steady progress, with over 740 entities registered and banking assets crossing $78 billion by December ...

Regular Ulips’ maturity proceeds attract tax if their annual premiums exceed Rs 2.5 lakh. However, Budget 2025 has granted a ...

Tax season can feel overwhelming, especially for baby boomers who may be navigating retirement plans, investment portfolios ...

If a taxpayer misses the filing deadline, the IRS may impose significant penalties (up to 25% of the amount of the foreign gift or inheritance received).

Under the current scheme, you can give away as much money as you like, inheritance-tax free, as long as you live seven years ...

The author writes "This year, estate planning practitioners have significant opportunities for estate tax savings for our high-net-worth clients. Time is critical though, and there are some traps for ...

Gifts of up to €3,000 may be tax exempt but they will still be assessed as savings under the Fair Deal nursing home support ...

The IRS has released new inflation-adjusted figures that can impact your estate and gift planning. These numbers seem like a ...