The ACE authorities said Friday that complainant Rafiullah of Mianwali in his application to Regional Director ACE Sargodha, Asim Raza said Ghulam Rasool with the help of Tehsildar Abdul Sattar Niazi and Patwari Niaz Khan had transferred property
to his name by preparing fake documents.
2038 generally requires the value of transferred property
to be included in the gross estate if, on the date of death, the decedent held the right to alter, amend, revoke, or terminate the transferee's enjoyment of the property.
The starting point when calculating the TPT credit is determining whether the transferor has "transferred" to the transferee any "property" included in the transferor's gross estate (transferred property
Director Anti Corruption Ayub Khan has told that, the ex Director FDA and Deputy Director Arshad Hussain had transferred property
worth millions of rupees to another fake person through fake documents.
In this case, the basis of much of the transferred property
was far greater than its value.
The Second Circuit, however, has taken a more restrained approach, holding that fraudulently transferred property
that the trustee has not yet recovered does not constitute property of the estate.
Election: Instead of limiting the transferred property
's basis, Sec.
A taxpayer has transferred property
to a child of the taxpayer;
"This was clearly a case where the defendant had transferred property
for the purpose of avoiding its financial obligations.
Where the liabilities to which transferred property
is subject exceed the basis to the transferor, gain is recognized.
Parker decision, which transferred property
from one department store owner to another.
Because John transferred Property
A directly to George, the safe-harbor rules are failed, and the transfer of Property A by John is considered a taxable sale.