Inheriting a property—whether it’s your parents’ flat in Mumbai or ancestral land in your hometown—does not create any tax liability at the time of inheritance. The Income Tax Act makes it clear: ...
Baby boomers hold more than $19 trillion in real estate wealth, much of which is expected to pass to their children and grandchildren over the coming decades in what some economists are calling a ...
l My uncle died a year ago. I am the nominee for all his financial assets. Most of the money is gifted to a trust as per his will. Do I have to file income tax returns? What should I do with some ...
Kochi-based Ramesh Nair inherited a 1-acre plot in Pune that his father had bought for ₹25 lakh in 2015. Over the next three years, Ramesh built a house on it at a cost of ₹50 lakh. In 2025, he sold ...
In our weekly series, readers can email any question about their finances, to be answered by our expert, Rosie Hooper. Rosie ...
Anyone who has inherited property, especially if they’re approaching retirement or already in it, knows it can be a blessing and a challenge. You may have a sentimental attachment to the property and ...
Many seniors own homes, cottages or rental properties and upon their death these assets will make up part of their estate.
As more estates carry tax burdens, heirs risk losing inherited property - experts outline what to do next. IRVINE, CA / ACCESS Newswire / August 8, 2025 / With more Americans passing on homes that ...
When Sheri Duffy and her ailing mother, Jean, voted for Proposition 19 five years ago, an ad campaign running during episodes of “Judge Judy” convinced them the measure would provide what its title ...
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