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Questions tagged [tax]

11 questions
13
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1 answer

Is it true that one has to pay import taxes on seized goods?

Bob the smuggler isn't so lucky today as his luggage is screened by customs at the airport. They find all kinds of illegal stuff in there: Lots of cigarettes, marihuana as well as ivory. Obviously, the stuff is seized and he expects criminal…
PMF
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3 answers

Prices across regions with different tax

Where I am from all prices advertise must be the price you pay. What you see is what you pay. This means that taxes, fees and anything else must be included in the advertised price. This is regardless of the price is advertised in a physical store,…
JenserCube
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8
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2 answers

Inheritance Tax: the Estate or the Beneficiaries?

Is Inheritance Tax levied on the estate, with a £325,000 exemption; or, the individual beneficiaries, each with a £325,000 exemption? If e.g. an estate is worth £1,000,000 and there are two beneficiaries (children of the deceased), what would each…
tony
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Is it legal to assign beneficial ownership of a property without transferring the title?

Suppose an individual owns a house for investment purposes and wants to assign the ownership of the house to a trust. To avoid the need for stamp duty and other complexities, could the owner just sign a contract with the trust that assigns all…
quant
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A single parcel of a two parcel property was sold at a tax lien sale. The county added the other parcel AFTER the sale. Is this legal?

This is in California. There is a property that has two parcels. Each parcel is a separate number and taxes are paid on each separately. The property is about 90 years old and has one house that saddles both parcels. The county held a tax lien…
Karl Jay
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Can anyone clarify the Secure 2.0 act for retroactive contributions to prior year retirement accounts

This is markedly confusing. You can elect to make a retroactive solo 401k contribution as a sole proprietorship under the secure 2.0 up until the tax filing deadline (without extension). So, April 15th. Let's say i OPEN an account as a sole…
Overflow2341313
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Does Ireland impose a 33% inheritance tax?

A friend of mine says she and her siblings will have to pay 33% inheritance tax on a property that's come to them in rather convoluted circumstances. I was a little surprised to hear this and said I'd ask here. The story is that her parents…
Johnny Warbuck
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Is there a minimum period for the bright-line property rule in New Zealand?

In New Zealand, there is a law for capital gains tax called the bright-line property rule: If you sell a residential property you have owned for less than 10 years you may have to pay income tax on any gain on the sale, unless an exclusion or…
Rohit Gupta
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Ex employer took the taxes from my checks but never reported my wages

my ex employer of 5 years took the tax money from every pay check starting in 2018 - 2023. This year when filing my taxes there are issues my ex boss has never reported my wages. So having my new company look at my past w2s they see not only did he…
Darc Mccandless
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Can 501(c)(4)s donate to political candidates' campaigns?

Can 501(c)(4) non-profits fund political candidates' campaigns? Unlike a 501(c)(3), 501(c)(3)s can engage in political activity, endorse candidates, etc.
Geremia
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Does a US taxpayer have a cause of action against the federal government for anticipatory breach of contract?

Where the remedy the taxpayer is seeking is withholding currently owed taxes? I know that taxes are a creature of statute, not contract. So maybe we have an estoppel theory. I also know that absolute refusal can be a high bar, but if we've ever…
jqning
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