Tax bills recently passed in Missouri and neighboring Illinois underscore the contrasting approaches that red and blue states ...

Voters on Election Day approved three amendments banning taxes on capital gains, estates or inheritances, and certain ...

When selling property, you're required to report the sale for capital gains tax purposes. For primary residences, individuals ...

ITAT Mumbai gives full tax exemption to mother-in-law and son-in-law after they sold two Mumbai properties for Rs 4 crore ...

Capital gains taxes are levied on profits from the sale of assets like stocks mutual funds and real estates. What you need to ...

The sale consideration must be divided between the land and building portions, as their cost base and tax treatment may differ | Real Estate News ...

Tribunal confirmed that incomplete construction does not cancel a transfer under section 2(47)(vi). The matter was remanded for proper computation of capital gains considering partial project ...

Kerala High Court denied the Section 10(37) capital gains exemption for land with trees, ruling that mere existence of rubber or fruit trees is insufficient. Assessee must prove actual agricultural ...

If funds deposited in CGAS are not utilized for purchase/construction of a house within the prescribed timelines, then the ...

Instead of across-the-board property tax cuts, targeted state and federal incentives for younger first-time home buyers and ...

Donating appreciated publicly traded shares and stock options, exchange-traded funds, mutual funds, segregated funds or ...

A Section 1031 like-kind exchange is an Internal Revenue Code provision that allows a person to not pay tax on a gain when selling real property to reinvest in real property of equal or greater value.