Dear Nancy, I had planned to sell our family cottage and an investment property next year. With the recent budget change and the expected capital gain from the sale of these two properties being more than $250,000 I’m not sure I should wait. What do you think? Dear Steve, Certainly, the change of tax rules
Practitioners and scholars navigate the evolving challenges posed by donor-advised funds. Donor-advised funds (DAFs) held nearly $230 billion in assets and distributed around $52 billion to charities as of 2022. According to the National Philanthropic Trust, DAFs have increased by 400 percent over the last decade. A donor-advised fund is a philanthropic vehicle established and
While collective investment trusts (CITs) almost caught mutual funds in 2023 as the most popular target-date vehicle, it appears likely they will overtake mutual funds by the end of 2024. According to Morningstar’s annual Target-Date Strategy Landscape Report released March 26, CITs—which since at least 2020 have attracted the most new money—continued to dominate
A bipartisan group of Colorado policymakers approved nearly a dozen recommendations to soften the pinch of property tax increases Friday, including an “adjustable cap” on future hikes and mechanisms to spread out hefty tax bills. State Sen. Chris Hansen is chairman of the state Property Tax Commission, which issued its recommendations Friday. (Photo by AAron
The Government has decided not to give residential property investors as much tax relief as National promised Act in the parties’ coalition agreement. Rather than start phasing out the interest limitation rule in the current tax year, as stated in the agreement, it will start being phased out in the year to March 31, 2025.
This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing in our spring flash sale. Hong Kong finance chief Paul Chan Mo-po has announced the city will remove all restrictions on property transactions as part of his solutions to the city’s sluggish economy
J.D. Sulolit “Raj” Mukherjee, JD The Internal Revenue Service has tapped Sulolit “Raj” Mukherjee, J.D., one of the crypto industry’s foremost experts on tax policy, to advise its digital assets efforts. In a press release today, IRS Commissioner Danny Werfel said, “This is a complex and evolving sector that has major tax administration implications. It’s
A new online tool lets applicants to the Pennsylvania Property Tax/Rent Rebate Program find in-person help in their area. The tool, available at lanc.news/PTRR and created by the state Department of Revenue and the Commonwealth Office of Digital Experience, lets users enter their ZIP code and displays a list of nearby places, along with phone
The funds will allow the Palestinian Authority to pay teachers, health workers and other public sector employees. ADVERTISEMENT Norway says it will transfer tax funds to the Palestinian Authority (PA) that have been frozen for months because of a dispute with Israel. Under interim peace agreements dating back to the early 1990s, Israel collects taxes
Norway has agreed to help facilitate the transfer of frozen tax funds earmarked for the Palestinian Authority (PA) that were collected by Israel, the Norwegian government said on Sunday, providing vital funding to the Western-backed entity. Under interim peace accords reached in the 1990s, Israel’s finance ministry collects tax on behalf of the Palestinians