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WHAT IS PROPERTY
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...- Amazon founder Jeff Bezos bought three Miami mansions worth $234 million, know why he moved to the 'Billionaire Bunker' and what makes it exclusiveBezos bought the first two properties in 2023 for $68 million and $79 million, respectively. In 2024, he purchased a third waterfront mansi...
- In 2002, ‘Charlie’s Angels’ star Drew Barrymore paid $4.35 million for a Hollywood Hills home; 16 years later, she sold it for $16.5 million, nearly four times as muchDrew Barrymore sold her Hollywood Hills estate in 2018 for a significant profit after 16 years. The Los Angeles housing market has seen sub...
- 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...
- OpenAI co-founder Greg Brockman donated $5.5 million to protect 63 acres near California's famous bald eagle nest. His wife helped raise $10 million and saved it from residential developmentIn a community initiative, Friends of Big Bear Valley have successfully secured over $10 million to acquire the Moon Camp property, ensurin...
- What happened to Danbury's Crowne Plaza hotel? Its 10-story building has found an entirely new purposeDanbury's Crowne Plaza hotel has been redeveloped into an apartment complex called Innovation Studios after years of decline. The project w...
- 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...
- In 1998, an Iowa couple bought land to restore a lost landscape; 25 years later, it became home to hundreds of plant and wildlife speciesJim grew up on a dairy farm, and spent much of his childhood outdoors. He studies natural sciences teaching and earned a master's degree in...
- Madonna didn't buy Angelina Jolie's historic Los Angeles house for $25 million?Madonna was linked to Angelina Jolie's historic Los Angeles mansion after it was sold for $24.75 million on September 24. However, realtor ...
- Peyton Manning bought Colorado mansion in 2012 for $4.6 million. 11 years later, NFL legend purchased another Denver-area property worth $5.3 millionPeyton Manning owns two properties in the state of Colorado. He has expanded his real estate portfolio since joining the Denver Broncos in ...
- In 2021, Mariah Carey bought an Atlanta mansion for $5.65 million, listed it for $6.5 million, later sold it for $4.3 millionCarey initially listed the property for $6.5 million in September 2022. The mansion, located in Sandy Springs near Atlanta, Georgia, was sp...
- 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...
- Dolly Parton bought LA property for $750,000 in 1985 and sold it for $1.2 mn in 1990. Now, Hollywood Hills home is up for grabs for $7.95 mnDolly Parton’s former Hollywood Hills home is back on the market for $7.95 million. Parton and Carl Thomas Dean bought the Los Angeles prop...
- In 1972, US investor received property, agreed to swap it same day, IRS challenged his tax treatment: Why court couldn't tax the exchangeThis case involves Joseph R. Bolker and his property called Montebello. Things got complicated and the issue eventually went all the way to...
- Daughter-in-law claimed right to ‘shared household’; senior citizen sought eviction: Here’s what Delhi HC ruledThe Delhi High Court recently upheld an eviction ruling that affects a daughter-in-law, amidst a nuanced legal struggle that weighs the int...
- Sisters demanded 1/3 share in parents’ lands, citing Hindu Succession Law, but brother won the case in Madras HC; know whyBrother cuts sisters from parents lands & wins case: Sisters wanted to apply Hindu law of succession and get 1/3rd share in parents’ lands,...
- In 1979, Oregon family sold 1,843 acres, IRS demanded tax, then mostly lost: How a ruling changed tax-deferred property exchangesBack in 1967, an Oregon family's sale of their 1,843 acres of timberland sparked a major dispute with the IRS. The case ended up in the Nin...
- 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...
- Meg Ryan paid $9.5M for a California estate in 2021; Around 4 years later, she sold it for $16.8MMeg Ryan bought a California estate in Montecito for $9.5 million in August 2021. The actor renovated and expanded the property by adding b...
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