Entries Tagged ‘transfer tax’:

Continued Inaction on Estate Tax Poses A Dilemma

The Economic Growth and Tax Relief Reconciliation Act of 2001 (2001 Act) repealed the estate tax and the generation-skipping transfer (GST) tax for estates of individuals dying in 2010.  To comply with budgetary rules, the 2001 Act contained a so-called “sunset rule” under which the pre-2001 Act rules return after 2010 unless Congress provides otherwise [...]

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Considering Buying A Second Property Overseas?

Initial Stages:Depending on where you are in the process, deciding to purchase a second foreign property usually evolves something like this: One year you decide to rent a house in a quaint seaside village. Several years go by and you find you are continuing to rent various homes in the same village. You ultimately fall [...]

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