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TAX FRIENDLY FAMILY ARRANGEMENT

Settlement of family disputes along with strategic tax saving can be usefully achieved via family arrangement! ‘Family Settlement’ or ‘Family Arrangement’ is one of the practical modes of distribution of assets amongst the members of a family, where there are disputes or conflicting claims amongst the family members with reference to family properties. The Halsbury’s Laws of England’ has defined a family settlement...

Tax planning through family settlement!

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...

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