Search results for: “estate tax”
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Tax Court
Tribunal de Asuntos Tributarios…
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Estate Duty
The tax imposed by the Finance Act, 1894, s. 1, upon the principal value of property, whether real or personal, settled or not, which passes on the death of any person dying after August 1, 1894. It is payable as a percentage on the total value of the estate…
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Legal Estate
See estate
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Base Estate
The estate which base tenants (q.v.) have in their land. Cowell. …
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All taxes
At least when found in a legal document, this only occasionally means all taxes; much more frequently it is the equivalent of all of those kinds of taxes we were likely to have had in mind when we did this deal, e.g., when a contract for the sale of stock contains the phrase […]
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Restatements Of Law
Restatements are influential treatises published by the American Law Institute which describe law in a given area and guide in the development of that law. Restatements, though frequently cited in cases, are not binding in a curt unless it has been officially adopted as law by jurisdictions […]
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Freehold Estate
1. Of inheritance-(a) absolute, as tenancy in fee-simple; (b) limited: qualified or base, and conditional -later, fees-tail. 2. Not of inheritance. These are chattel interests in lands. They are for life, and either conventional or legal; the lowest species is the estate for the life of […]
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Tax Levy
The amount of tax to be raised, or the official act by which the amount is determined upon. …
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Succession Tax
In brief, the distinction between an estate tax (more in the U.S.) and a succession tax (also see it) is that the former is a tax upon the transfer of property at death by a decedent, while the …
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Summary Foreclosure Of Tax Liens
In addition to other remedies provided by law, the tax collector of any municipality may bring in its name an action in the nature of an action in rem to foreclose a tax lien or liens on real estate (more in the U.S.) the fair market value of whi…
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Foreclosure Of Tax Liens
Foreclosure of Tax Liens: The tax collector of any municipality may bring suit for the foreclosure of tax liens in the name of the municipality by which the tax was laid, and all municipalities having tax liens upon the same piece of real estate […]
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Remic (Real Estate Mortgage Investment Conduit)
A pass-through tax entity that can hold mortgages secured by any type of real property and issue multiple classes of ownership interests to investors in the form of pass-through certificates, bonds, or other legal forms. A financing vehicle created under the Tax Reform Act of 1986….
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Remic (Real Estate Mortgage Investment Conduit)
A pass-through tax entity that can hold mortgages secured by any type of real property and issue multiple classes of ownership interests to investors in the form of pass-through certificates, bonds, or other legal forms. A financing vehicle created under the Tax Reform Act of 1986….
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Reit (Real Estate Investment Trust)
Real estate investment trust, which is similar to a closed-end mutual fund. REITs invest in real estate or loans secured by real estate and issue shares in such investments….
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Bankruptcy estate
Bankruptcy estate Definition of Bankruptcy estate Bankruptcy estate are all the assets (estate) of a debtor (person declaring bankruptcy) in bankruptcy that may be used to satisfy (usually to a some degree) the creditors. The Bankruptcy estate is the sum of all the debtor’s legal and equitable interests in property (which has not been fully…