It is evident that where there are laws, individuals seek out loopholes, particularly regarding taxes. It is apparent that people are reluctant to pay taxes and will go to great lengths to... Read more »
An inheritance tax is particularly a tax that is imposed by some states on the recipients of inherited assets. This tax is paid by the recipient of a bequest rather than the... Read more »
Several countries have chosen to abolish inheritance tax in recent years, citing various economic and social reasons. Among them are Sweden, Norway, Austria, Slovakia, and Cyprus. Here’s a breakdown of when each... Read more »
There is no current law in India that imposes a tax on inherited property. This means you do not have to pay tax for inheriting the asset, but you do need to... Read more »
Inheritance tax has been in the talks lately after Indian Overseas Congress chairman Sam Pitroda recently commented on it. There are conflicting opinions on this topic; and for good reasons. The inheritance... Read more »
Inheritance tax is a levy imposed on the transfer of assets from a deceased person to their heirs or beneficiaries. The talk about inheritance tax involves people having different opinions because it... Read more »
Following Sam Pitroda called the Inheritance Act in the United States of America an “interesting law” and this comment of his has sparked debate amongst observers, it seems all the more evident... Read more »
Inheritance tax, also known as estate tax, has been proposed as a tool to address wealth inequality in India. However, implementing such a tax may not be a practical solution due to... Read more »