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

Financial services company Fidelity International says it is possible to save up to £18,800 with some clever tax-planning ...

New York is one of twelve states that has a separate estate tax. New York’s estate tax exemption is lower than the federal ...

Donald Trump’s tax policies have consistently focused on reducing or eliminating the estate tax, aligning with his broader economic philosophy.

Tax free maturity proceeds for all ULIPs, money-back and other insurance policies only if non-residents buys it from IFSC by following this condition ...

By doubling the lifetime gift tax exemption (for estates) and increasing the annual exclusion (for recipients), many families were able to help their children with major purchases, like a new home ...

Dear Liz: My brother and I have received a cash inheritance from our aunt, as have our cousins, among a few others. Our youngest brother was excluded, as was our cousins’ youngest sibling.

Finance minister Nirmala Sitharaman announced that those with annual income of up to ₹12 lakh will not have to pay income tax.

The government clarifies: "Any Inheritance Tax due on gifts is typically paid by the estate, unless you give away more than ...

Internal Revenue Service recently issued final regulations (final regs) imposing a tax on U.S. citizens, residents and certain trusts that receive gifts or bequests from certain individuals who have ...

The central government has provided great financial relief to senior citizens by changing the tax slab. The government has doubled the income tax exemption limit for these people, which will give them ...