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Tax planning through family settlement!
Posted by
mukesh patel in
Save Tax - The Smart Way, Tax Clues - Ahmedabad Mirror on
Sep 26th, 2011 |
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Distribution of assets under a family arrangement is not treated as a ‘transfer’ and can help save tax, stamp duty!
‘The Halsbury’s Laws of England’ has defined a Family Settlement or Family Arrangement as an agreement between the members of the same family intended to be generally or reasonably for the benefit of the family, either by compromising doubtful or disputed rights or by preserving the family property or peace and security of the family by avoiding litigation. (more…)
