Tag #Tax Deductions

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cincodias.elpais.com

🌐 65% Global Worthiness

Dec 13, 13:13

RIU Ends Tax Dispute, Forfeiting €468,830 Deduction

RIU Hotels concluded a legal battle with the Spanish tax authorities, foregoing an appeal against a ruling that denied a €468,830 tax deduction on a land sale, deemed a short-term investment rather than a long-term asset as RIU claimed.

RIU Ends Tax Dispute, Forfeiting €468,830 Deduction

RIU Hotels concluded a legal battle with the Spanish tax authorities, foregoing an appeal against a ruling that denied a €468,830 tax deduction on a land sale, deemed a short-term investment rather than a long-term asset as RIU claimed.

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What are the key facts of the legal dispute between RIU Hotels and the Spanish tax authorities, and what is the final outcome?

RIU Hotels has ended its legal battle with the Spanish tax authorities over a tax deduction. A court ruled against RIU's claim that land bought and sold within two years qualified for the deduction, intended for long-term assets. RIU will not appeal, ending a dispute over €468,830.

smh.com.au

🌐 75% Global Worthiness

Nov 29, 02:08

Australian Inheritance Tax and Share Transfers

In Australia, inheriting shares usually avoids capital gains tax for the recipient, but the deceased estate might still face tax on asset sales to cover debts; this exemption impacts wealth distribution and estate planning.

Australian Inheritance Tax and Share Transfers

In Australia, inheriting shares usually avoids capital gains tax for the recipient, but the deceased estate might still face tax on asset sales to cover debts; this exemption impacts wealth distribution and estate planning.

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What are the Australian capital gains tax implications of inheriting shares?

Share transfers after death are generally exempt from capital gains tax in Australia. This exemption applies to assets passing directly to beneficiaries, not through a deceased estate. However, the estate itself may still incur tax on capital gains if assets are sold to settle debts.

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