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Death Means Capital Gains Take A Holiday For Heirs Selling A House - Latest News


Death means capital gains take a holiday for heirs selling a house

Dear Liz: I am in my mid-80s and in declining health. I want to advise my beneficiaries about possible taxation on the sale of my home after I expire. I bought the place in 1995 for $152,000. It now h... read more

Steve Jobs’ heirs advised to sell Apple shares to avoid $867 million in hiked capital gains taxes

“His widow, Laurene Powell Jobs, may not have a better time to sell ... “Capital gains taxes are set to rise in 2013 from 15 to 20 percent, and Americans with a high income may also be subjected to a ... read more

How Obama would close the 'trust fund loophole'

At the time of your death ... capital gains tax on that $100,000 gain. Related: Obama bank tax: Smart policy or bank bashing? The cost basis for the person who inherits it will be $400,000. And when t... read more

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When Tax Cuts Were a Tough Sell

On Aug. 6, 1962, Kennedy met with Representative Wilbur Mills, chairman of the House Ways and Means Committee ... tax all unrealized capital gains at death. Then, as now, unrealized capital gains held ... read more


6 Key Reasons Why Investing in a Taxable Account Is Underrated

You can sell securities ... wrapper is that your heirs will be able to take advantage of a step-up in cost basis, essentially wiping out any capital gains tax liability that you racked up over your ow... read more

Don't fall for these 5 common Ulip sales pitches

The tax disparity between MF and Ulips may re-ignite the mis-selling phenomena surrounding Ulips that was witnessed in large numbers between 2000 and 2010. Post the budget 2018 announcement about taxi... read more

47 Possible Tax Hikes Loom If Congress Doesn't Act

If they are not extended -- as they were for two years in 2010 -- about 60 percent of tax filers would see their income tax rate increase between 3 and 5 percentage points, meaning ... to sell it this ... read more

Will Republicans kill the estate tax?

But on one measure there's likely to be unanimous support: Repealing the federal estate tax, or what critics derisively refer to as the "death" tax. House Ways and Means Committee Chairman ... So they ... read more

Are taxes due on an inherited property after sale?

Inherited property is taxed as long-term gain, even if less than one year has elapsed from the time you first took the title. (ericsphotography / Getty Images) Benny L. Kass Contact ReporterHousing Co... read more

Coming tax changes may spur early gifting, business transfers

The readiness of clients to make a gift that would take advantage of the full exemption ... of $5 million -- its value on the date of your death. That means zero capital gains when your executor or he... read more

Kinsley: The wealth gap

When you die, any unrealized capital gains disappear for income tax purposes. Your heirs, if and when they sell, pay capital gains taxes only ... In 2010, the median family had assets (including their ... read more

Budget 2016: 6 ways to pay less tax, legally

This Times of India-EY Guide is designed ... the amount of deduction you can claim. Selling your apartment: If you sell your house, whether it is self-occupied or your second apartment, you will incur ... read more



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