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INHERITANCE TAX
In 1993, Louis Bacon bought a mostly undeveloped New York island; four years later, he protected nearly 90% of its 450 acresIn 1993, Louis Bacon acquired Robins Island, an exceptionally pristine marine island. He subsequently enacted a conservation easement that ...- The UK pension pot question: Why 2026-27 is the year to decideStarting April 2027, UK pension pots will be subject to inheritance tax, prompting a reevaluation of legacy planning strategies. For Indian...
- Man constructs a house before selling his old property and claims income tax exemption under Section 54; Income Tax Department sends notice; he wins case in ITAT DelhiConstructs house for Rs 47 lakh in Tilak Nagar, sells old property in Paschim Viharfor Rs 53 lakh, pays no tax, tax dept sent notice, man w...
- At 86, a Pennsylvania farmer turned down more than $15 million from data-center developers and accepted $1.9 million instead, sending his land down a very different path: keeping the farm alive rather than turning it into a server campusAn 86-year-old Pennsylvania farmer declined over fifteen million dollars for his farms. He accepted one point nine million dollars for a co...
- Ageing housing societies: How homeowners can avoid losing their homes and money to redevelopment delaysAgeing housing societies that were promised bigger, modern living spaces have seen builders abandon or stall construction for years, with l...
- Succession Planning: 8 key tax considerations you should take into accountSuccession planning involves connected legal and tax events, not just death. Income earned before death must be reported by the deceased's ...
- Moving back to India? What NRIs need to know about US tax obligationsFrom RSUs to retirement accounts, what returning Indians must settle before—and after—they land. The first thing to understand is that immi...
- Inherited mother's land, converted it into business stock, and invested over Rs 5 crore in a new home; ITAT Surat grants Section 54F tax exemption relying on a 1983 CBDT circular; Know whySon inherited 50% of mother’s land and took it in his real estate business as business stock; brought an even larger plot for Rs 2 crore cl...
- The buck stops somewhere else: A look at Trump's tendency to avoid blame when things go awryUS President Donald Trump has repeatedly blamed predecessors and others for economic, foreign-policy and domestic problems, drawing scrutin...
- The Sultanate’s Surcharge: MMDR Amendment shifts wealth from states to minersParliament passed the Mines and Minerals Amendment Bill 2026 on Thursday. This legislation aims to standardize mineral taxation across Indi...
- Chandra’s Rs 25 lakh crore Tata legacy: Revenue up 71%, PAT 3.6x and a 19x multibaggerN Chandrasekaran has significantly boosted Tata's legacy, achieving a remarkable increase in market capitalization totaling Rs 25 lakh cror...
- From a shoe to RBI vault: The journey of the cursed Jacob diamondThe 184.75-carat Jacob Diamond is one of the world’s largest polished diamonds and is known for its unusual journey through Hyderabad’s roy...
- India Gate doesn't honour freedom fighters. Know the complex truthIndia Gate, originally a British imperial memorial, now holds multiple layers of history. It commemorates soldiers who served the British E...
- NRI selling property in India: Should sale proceeds go to an NRE or NRO account? Know repatriation limits and RBI rulesAre you an NRI looking to sell your property in India after relocating abroad? It's essential to understand the process of repatriating you...
- Financial freedom for women begins with knowledge, not incomeIncome and equal pay are only parts of the equation. True financial empowerment begins with knowledge, enabling women to make informed deci...
- Where art thou? From royal silverware to rare watches, what collectors are bidding for nowAs collectors broaden their horizons beyond canvases, Glynda Alves finds that India’s auction houses are witnessing growing demand for item...
- Knot possible: Even as law denies same-sex couples the right to marry in India, art is imagining and celebrating such unionsIndian artists are using their work to advance marriage equality discussions. Aksh Diwan Garg's paintings depict wedding guests, highlighti...
- After my death, can my wife transfer our 2BHK to our son via gift deed without an NOC from our daughter?ET Wealth Reader's Query: I own a 2-BHK flat and my wife is a joint owner. We have two children, who are settled abroad. After my death, th...
- NRI selling property, shares or gold in India? Here's how you can manage your capital gains tax in a better waySelling Indian investments triggers capital gains tax for NRIs, with rules varying by asset type. Property sales offer significant tax redu...
- Estate planning: Why passing on wealth during your lifetime can be a smarter succession strategyGifting and charity, in cash and kind, during one’s lifetime offers the scope for creating shared experiences of celebration, travel, enter...
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