Search Results - subject:"Inheritance"

Tax Planning for Estates Containing Livestock : Retention of Livestock at the Taxpayer’s Death

Prebble KC, John - 2011

Section 17(4)(a) of the Estate and Gift Duties Act 1968 allows any income tax payable in respect of the deceased to be considered a debt in the calculation of the final balance of the estate. Factors that suggest a high value should be adopted by the executors include that the income of the...

Persistent link: https://www.econbiz.de/10014199902

Estate Planning : Widow’s Superannuation Rights

Prebble KC, John - 2011

Section 16 of the Estate and Gift Duties Act 1968 catches death benefits left by a deceased who was a member of any superannuation scheme. The case of Hounsell v CIR (SC Wellington, 17 April 1975, M274/73) illustrates that considerable duty can be payable on such a scheme. Some estate planning...

Persistent link: https://www.econbiz.de/10014199905

Celebrity, Death, and Taxes : Michael Jackson's Estate

Crawford, Bridget J.; Tate, Joshua C.; Gans, Mitchell M.; … - 2011

The untimely death of Michael Jackson this past June presents an opportunity to reassess certain thorny estate tax issues that may arise when a celebrity dies owning valuable intellectual property. Elsewhere we have debated hypothetical, tax-motivated changes to state laws relating to postmortem...

Persistent link: https://www.econbiz.de/10014202778

Safeguarding Inheritance : Challenges and Opportunities in African Societies

Cooper, Elizabeth - 2011

Chronic Poverty Research Centre, which explored the relationship between inheritance practice and socio-economic equity and … non-governmental agencies working on inheritance and property rights related issues as well as review of research and … inheritance practice. Nevertheless, much remains to be done to address the links between inheritance rights and practices and …

Persistent link: https://www.econbiz.de/10013132341

Information Asymmetry and Gift Tax in Ghana

Gatsi, John G. - 2011

Gift tax has been in the Ghanaian Tax Laws since 1975 but collection from this source is very limited. Information asymmetry is a major problem since many potential recipients of taxable gifts are not aware of the tax. Double taxation is now a serious debate when discussing gift tax. Tax...

Persistent link: https://www.econbiz.de/10013132356

Inheriting Inequality : Wealth, Race, and the Laws of Succession

Strand, Palma Joy - 2011

inequality to current inheritance law. It then confronts this inequality as a civil rights issue in terms of its social effects …

Persistent link: https://www.econbiz.de/10013133052

Participation Constraints in the Stock Market : Evidence from Unexpected Inheritance Due to Sudden Death

Andersen, Steffen - 2011

in the stock market. Unexpected inheritance due to sudden deaths results in exogenous variation in financial wealth and …

Persistent link: https://www.econbiz.de/10013134033

The Estate and Gift Duties Amendment Act 1976 : A Comment

Prebble QC, John - 2011

The Estate and Gift Duties Amendment Act 1976 reduced the amount of estate duty and introduced a matrimonial home allowance that reduced the estate duty on matrimonial homes left to a surviving spouse. This change created a number of loop-holes and inequalities.As at 2009, the Estate and Gift...

Persistent link: https://www.econbiz.de/10013134206

The Impact of Inheritance on the Distribution of Wealth : Evidence from the UK

Karagiannaki, Eleni - 2011

the sum of inheritance received between 1996-2004 contributed to the observed trends in wealth accumulation and wealth … of inheriting households (and possibly more if we could account for the rate of returns on early inheritance used by some … significant inheritors started with low initial wealth (and this was true within each age group). Inheritance in the period …

Persistent link: https://www.econbiz.de/10013119967

Recent Trends in the Size and the Distribution of Inherited Wealth in the UK

Karagiannaki, Eleni - 2011

under examination the annual flow of inheritance increased markedly, from £22 billion in 1984 to £56 billion in 2005. The … distribution of inheritance was counterbalanced by the increase in the percentage of the population who received an inheritance …. Our results also show that inheritance is positively associated with socio-economic status and that the disparities …

Persistent link: https://www.econbiz.de/10013119972