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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

Credit scores are used for more than borrowing decisions. In most states (but not California), insurance companies can use credit information to set premiums. Cellphone companies, landlords and utilit... read more

Capital gains tax change not high on White House to-do list

(Bloomberg) — The White House ... capital gains to inflation means the original purchase price of an asset such as a stock would take inflation into account. That would effectively make that price hig... read more

GOP lawmakers propose bills to repeal federal death tax

“Death should ... worth $500,000 to an heir. When purchased, it cost $100,000. That means $400,000 of gain currently goes untaxed, because the capital gains tax doesn’t apply on this transfer, and the ... read more

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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

Always obtain land survey before buying property

So if Dad bought a house many years ago for $100,000, and on his death its fair market value is $1million, the basis for his heirs is that latter number. If they sell it for that amount, they have no ... read more

Assessing the true value of tax-loss harvesting

Asked for comment, Wealthfront pointed to in-house ... take a tax break today and never sell their investment, deferring capital gains forever. Two strategies for this are donating the investment to c... read more

ET Wealth: How to leave assets for your heirs

However, it isn’t the only method, especially if you have doubts about all your legal heirs adhering to your wishes. In such a case, it’s better to part with your assets during your lifetime, without ... read more

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

Drawdown: Can you make your pension pot work harder?

However, although drawdown ... capital gains tax.' However, from next April savers will be able to take out the entirety of their pension at any time after the age of 55, subject to income tax at marg... 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

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