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Latest News for: tax exemption

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Uncle is leaving 70% of his £500k estate to charity - so who pays the ...

The Daily Mail 09 Feb 2025
Charities are exempt from paying inheritance tax ... Or should the charity get 70 per cent of the gross estate before tax, with nothing deducted as it is exempt from inheritance tax, and the remainder of the estate then pays all the inheritance tax?.
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Uncle is leaving 70% of his �500k estate to charity - so who pays the ...

This is Money 09 Feb 2025
Do you work out the tax on the whole estate and then split the remainder 70.30? In which case, the charity is effectively receiving a reduced amount due to the inheritance tax, even though it is exempt from paying inheritance tax.
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‘It’s the right thing to do’: State forestry program provides tax benefits to woodland owners

The Gazette Cedar Rapids 09 Feb 2025
The program incentivizes woodland owners to manage their land by offering a 100 percent tax exemption for eligible woodlands. To be eligible for the program’s tax exemptions, the woodlands must.
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NBFC’s Infra Debt Fund raising fund through ECB also to be eligible for I-T Exemption

Business Line 09 Feb 2025
Non-Banking Financial Company’s Infrastructure Debt Fund (IDF), raising money through External Commercial Borrowing (ECB), will be eligible for Income Tax exemption. Income Tax Department has notified amendment in rules for exemption ... ....
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The UK would be lucky to avoid US tariffs – but a global trade war ...

Famagusta Gazette 09 Feb 2025
The reason for the possible Great British exemption from new US import taxes is that the stated goal of these taxes is to reduce the US trade deficit ... components would be exempt from US import tax.
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Federal minister proposes toll tax for GB tourists

Dawn 09 Feb 2025
Federal Minister for Comm­unications Abdul Aleem Khan has proposed the introduction of a toll tax for tourists visiting the scenic Gilgit-Baltistan, with a blanket exemption for residents ... However, locals should be exempt from this tax, he suggested.
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Federal minister Aleem Khan proposes toll tax for GB tourists

Dawn 09 Feb 2025
Federal Minister for Comm­unications Abdul Aleem Khan has proposed the introduction of a toll tax for tourists visiting the scenic Gilgit-Baltistan, with a blanket exemption for residents ... However, locals should be exempt from this tax, he suggested.
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When will my 1986 Fiat be classed as a classic car so I can stop paying road tax?

The Times/The Sunday Times 09 Feb 2025
... known as road tax)? Also, at what age is the car excused from MoT testing? And — maybe I’m chancing my luck here — will it also be exempt from congestion and ultra-low emission zone (Ulez) charges?.
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US lawmakers consider eliminating tax-free status for scholarships, affecting millions of students

The Times of India 09 Feb 2025
... from higher education advocates about their long-term consequences.Tax-free scholarships at riskCurrently, scholarships and fellowships used for tuition and related expenses are exempt from taxes.
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New Idaho bill would exempt small sellers from having to obtain sales ...

The Lewiston Tribune 09 Feb 2025
... setting would be exempt from having to obtain a sellers permit to charge sales tax if a new bill introduced in the Idaho Legislature becomes law.
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House Republicans mull taxes on scholarships and changes to student loan programs

Times Union 09 Feb 2025
... hike in taxes on university endowments ... An end to tax-free status for scholarships. Scholarships and fellowships have been exempt from taxes as long as they are used for tuition and related expenses.
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DSWD issuing unified PWD IDs amid proliferation of fakes

Manila Standard 09 Feb 2025
Republic Act 10754 mandates a 20 percent discount and a value-added tax exemption on the purchase of certain goods and services from all establishments for the PWDs ... calling them a form of tax evasion.
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House Republicans mull taxes on scholarships, changes to student loan programs

NBC Bay Area 09 Feb 2025
Trump's tax cuts are ‘stuck in the mud' as Republicans split over spending ... An end to tax-free status for scholarships. Scholarships and fellowships have been exempt from taxes as long as they are used for tuition and related expenses.
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Country Manor project slated to start building this year

Brainerd Dispatch 09 Feb 2025
BRAINERD — Tax abatement plans are in ... Tax abatement is the reduction of or exemption from taxes, granted by a government for a specific period of time, typically to encourage development initiatives.
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Confirmed date of Social Security check cuts – The list of retirees who will be affected

Independent Newsgroup 09 Feb 2025
The 12.4% payroll tax on wages and the taxation ... Meanwhile, income inequality has increased, with a greater portion of earnings now exempt from the Social Security payroll tax due to the income limit.

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