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JOINT OWNERSHIP PROPERTY TAX
In 1942, a woman inherited property worth $33,650, its value rose to $95,000, then a mother-son ownership arrangement triggered a US estate-tax disputeThe dispute reached the US Court of Appeals for the Fourth Circuit, which ruled on November 1, 1967, in favour of the Internal Revenue Serv...- Steven Van Zandt adds $4 million to NYC penthouse asking price and wants to sell Greenwich Village duplex property now for $19 millionSteven Van Zandt has relisted his Greenwich Village penthouse in New York City for $18.995 million, raising the asking price by nearly $4 m...
- George Clooney sold Studio City estate for $14.5 million to Christian McCaffrey and Olivia Culpo last monthGeorge Clooney has sold the Studio City estate in Los Angeles to NFL player Christian McCaffrey and model Olivia Culpo for $14.5 million. T...
- In 2007, heirs sold a conservation easement on inherited farmland for $910,000, in 2013, they got a shock from US Tax CourtIn Van Alen v. Commissioner, decided on October 21, 2013, the court ruled in favour of the Internal Revenue Service (IRS). The dispute invo...
- Tyler Perry donated $750,000 to help Atlanta seniors keep their homes; His gift is now fighting rising property taxesTyler Perry has made a generous $750,000 contribution to help low-income seniors in Atlanta tackle overdue property taxes. This effort is p...
- Oheka Castle auction set for October 27: Why the ‘Great Gatsby’-linked mansion where Taylor Swift filmed ‘Blank Space’ is going up for saleOheka Castle, the historic Long Island mansion linked to The Great Gatsby and featured in Taylor Swift’s “Blank Space” music video, is head...
- Taylor Swift sold this Cape Cod home months after buying it while dating Conor Kennedy in 2013. See what it sold for in 2025 after a $14.5 million listingTaylor Swift bought a Cape Cod waterfront home while dating Conor Kennedy in 2012 and sold it just months later in 2013. The Massachusetts ...
- Neighbour claiming your property? Your sale deed’s boundary details could be crucialIn a significant legal clash in Bangalore, Mr. Thimmadasappa defended his land rights against K.M. Venkatamuniyappa's unfounded claim that ...
- Income tax department survey reveals large-scale property scam in Gurgaon; 25,000 properties linked to fictitious PANAn Income Tax department survey in Gurgaon's Badshahpur tehsil unraveled that a single fictitious Permanent Account Number (PAN), 'ABCDEF12...
- In 1977, US couple swapped apartment building, transferred property to a partnership the same day: Why a court told IRS their tax break staysThe US Court of Appeals for the Ninth Circuit upheld the decision in favour of Norman J. and Beverly G. Magneson in February 1985, rejectin...
- Succession battle breaks out at TVS as camps disagree over business division, family MoUDeep disagreements over inheritance have emerged between Venu and Mallika Srinivasan's children, leading to potential legal action. While V...
- Why global investors are turning to Georgia for real estate opportunities in 2026Alliance Group designates 2026 as a pivotal year for international stakeholders targeting Georgia's dynamic real estate landscape. The nati...
- Son fights for full share in father’s property after stepmother transfers it to daughter, who sells it; SC rejects his claimSon claims to fully inherit father’s property under Mitakshara Hindu law, however, stepmother gave it to step-sisters who sold it; Supreme ...
- Inherited property tax explained: Know how the US 1031 exchange works and what are the rules for co-inheritors?In simple terms, in the United States, a provision known as a 1031 exchange may offer a way for an heir to exchange qualifying investment r...
- Own a rental property in 2026? You may be able to deduct property taxes - here’s what the IRS saysRental property tax deduction 2026: If you own a rental property in 2026, property taxes may be deductible as a rental expense. But the amo...
- Developer Richard Rubin bought a long-shuttered Alabama Ramada Inn in 2021; after a sub-$5 million redevelopment, its 120 rooms were slated for workforce housingDeveloper Richard Rubin is transforming a long-shuttered Ramada Inn in Sheffield, Alabama, into workforce housing through his firm, rm Repv...
- In 2018, Silvio Scaglia paid $56M for a Tribeca penthouse; 8 years later, it sold for $57MSilvio Scaglia bought a Tribeca penthouse for $56 million in 2018. The property sold for $57 million in February 2026 after it was awarded ...
- Rs 67 lakh ancestral jewellery declaration in ITR triggers income tax notice of unexplained credit: Here's why lady won at ITAT MumbaiWife filed Schedule AL in ITR for first time and got hit with unexplained credit income tax notice for ancestral family jewellery worth Rs ...
- Son sells ancestral land for Rs 8 crore, buys 2 more properties; gets income tax notice but wins at ITAT Chandigarh: Know whyA family from Panchkula owned some ancestral land in a village. A member of this family sold his share of the the said land for Rs 8 crore ...
- Homeowners, read this first: Mortgage interest and property taxes only help in 2026 if you itemize, and many are better off skipping itHomeowners may want to look twice before claiming mortgage interest and property taxes as tax breaks in 2026. Those expenses help only when...
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