Capital gains tax is charged at 24 per cent on the amount of profit made when disposing of an asset such as a property, land ...

My dad and mom owned a beach property with my mom's sister. When she passed away two and a half years ago, her son inherited ...

Selling a second home can come with an unexpected tax burden. It doesn't matter if it's an inherited ramshackle cabin, a luxury vacation retreat, or even a rental investment, the IRS treats the sale ...

Inheritance Funding reports inheritance advances aren't taxable in the US, serving as a financial lifeline for heirs facing ...

I have inherited a portion of a generation-skipping trust. My portion should amount to $30,000. The question is whether to take the cash or leave it to be managed by the bank. I have a moderate income ...

Avoiding capital gains tax on a second home involves strategic planning. One method is converting your second home into your primary residence. By living in the home for at least two out of five years ...

In this week's Money Problem, we look into a reader's capital gains query. Subscribers to our Money newsletter get a first ...

In one corner: property taxes, rising steadily thanks to rising assessments, voter-approved bonds, and shifting local budgets. In the other: the capital gains tax, a hit that can surprise even ...