Sentences with phrase «means inherited property»

Not exact matches

Legacy Meaning: legacy (plural: legacies)- (law) money or property bequeathed to someone in a will - Something inherited from a predecessor; a heritage John Muir left as his legacy an enduring spirit of respect for the environment.

The sale of an inherited property by siblings who are tenants - in - common doesn't mean you're exempt from capital gains taxes.

That means you can either rent out the property or sell the property — and if either of these options are completed shortly after your wife inherits the property, then the tax implications are the same: she will be taxed on the difference between the fair market value (FMV) and the sale price.

The less fortunate school friend, never went to college in the end but not due to lack of means but rather due to early retirement as his inherited dilapidated family building broke auction records as Mouille Point collected it's residential property title of the Golden Mile during the property boom.

The estate tax was never meant to exclusively raise revenue for federal expenses; rather, it was created to also prevent a few super wealthy families from simply inheriting every property or business in America ad infinitum.

This means that an estranged spouse could potentially benefit by inheriting property, including money, under a valid will, contrary to your intentions.

Australia will quite likely continue to be brought to task by UN treaty committees where there is a failure to adequately recognise and protect the human rights of Australia's Indigenous peoples, including the right to own and inherit property and the right not to be deprived of their own means of subsistence.

What does it mean to inherit property?