It was held under cotenancy agreements which were placed in Grantor Retained Income Trusts (GRITs).
FORBES: Only Modest Valuation Discounts Allowed On Estate Artwork
The previous Liberal government tried to limit pension investment in income trusts in 2004 but backed off when the pension industry objected.
ECONOMIST: The government cracks down on a stockmarket moneyspinner
Click here for instant access for all recommended gold and silver miners, as well as Canadian income trusts in Professional Timing Service.
FORBES: Saudi Surprise And Central Bank Accumulation Augur Well For Higher Gold Price
Under the proposal, current income trusts will not be taxed until 2011.
In 2005 it denied advance tax rulings to potential converts and then lowered the tax on dividends to make income trusts less attractive.
ECONOMIST: The government cracks down on a stockmarket moneyspinner
Click here for instant access to Forbes-Lehmann Income Securities Investor for dozens of fixed-income buys in corporate bonds, MLPs, income trusts preferreds, and convertibles.
The police are investigating insider trading after the leaking of a statement to be made by Ralph Goodale, the finance minister, that he would not tax investment funds known as income trusts.
One of the names that the gurus completely dumped is Penn West Energy Trust, a Canadian energy trust that got caught in the downdraft hitting Canadian income trusts after Finance Minister John Flaherty's Halloween bombshell.
One of the names that the gurus completely dumped is Penn West Energy Trust (nyse: PWE - news - people ), a Canadian energy trust that got caught in the downdraft hitting Canadian income trusts after Finance Minister John Flaherty's Halloween bombshell.
By 2005, Centre Partners had fully exited the business through secondary offerings, but with the business still growing three years later and an alteration of the tax implications for Canadian income trusts, the time was right to step back into the business and the private equity firm acquired Connor Bros.
FORBES: Meet The Men Who Bought And Sold Bumble Bee Tuna...Twice
So, even if you are fortunate enough to live in a state that will not distribute family trust funds as property, per se, you can be sure that the income those trusts generate will be included when fixing final spousal and child support amounts.
That was kind of the Achilles heel that Congress used to attack income shifting with trusts.
Entities that are called trusts or considered to be trusts under state law are not necessarily trusts for income tax purposes.
This levy, which places a 3.8% tax on various forms of investment income for individuals, trusts, and estates, has been referred to by a number of names.
FORBES: What the New 3.8% Medicare Surtax Means for You And Your Investments
The trusts pay income to the Kauffmans while they are living, with the principal going after their death to the college as an endowment to maintain the property.
Income from selling investment trusts has slumped.
ECONOMIST: Japanese finance: Rich pickings for the gaijin | The
Lehmann's current crop of income securities are Canadian energy trusts, yielding more than 10%.
Back when rates were much higher, trusts were great income tax avoidance devices.
Make sure you have flexibility written in, says Jonathan Blattmachr, author of the 953-page treatise, Blattmachr on Income Taxation of Estates and Trusts.
FORBES: Tax Hikes Hit Trusts Hard, Beneficiaries Pull Money Out
Back in the heyday of using trusts for shifting income, if a trust contained one of those powers, like the power of the grantor to withdraw property from the trust and replace if with property of equal value, someone who thought the trust was being used to shift income, would consider that power to be a defect.
The 3.8% surtax on investment income for taxpayers, estates and trusts became effective January 1, 2013.
FORBES: Not so Fast: an Additional Obstacle for Real Estate Professional in the 3.8% Medicare Surtax
Jim Stack at InvesTech Research recommends several income-producing stocks and energy trusts for market-beating yields and returns that move in tandem with the energy bull market.
For dividend and other income sources look to real estate investment trusts (REITs), master limited partnerships (MLPs), exchange-traded funds (ETFs) and North American energy companies.
Then, the American Taxpayer Relief Act was signed into law on Jan. 2, imposing income and capital gains tax hikes on trusts akin to those on the wealthiest taxpayers.
FORBES: Tax Hikes Hit Trusts Hard, Beneficiaries Pull Money Out
For income-focused investors, Real Estate Investment Trusts have been an oasis in the desert lately.
Wilcox put his assets in the trusts and planned to direct his income into them, too.
Special Offer: Get yields of 8% to 15% in fixed-income securities, including bank convertibles, Canadian trusts and preferreds.
Special Offer: Get yields of 8% to 15% in fixed-income securities, including bank convertibles, Canadian trusts and preferred stock.
FORBES: The Tax Two-Step: Get Ready For A Stock Sell Off, Then A 2011 Rally
Only later did he discover that the trusts couldn't legally slash income taxes as he says he was led to believe.
TRUs and "power of adjustment" trusts share another advantage: The income beneficiary can get more of his payout in the form of capital gains, taxed at a maximum 20% rate.
应用推荐