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Dangerous cyclists could face tougher sentences, similar to those imposed on drivers, under new proposals. Motorists can face a life sentence if they’re convicted of causing death by dangerous or reckless driving. A current loophole allows a cyclist to be jailed for a maximum of two years for “wanton and furious driving.” Parliament will debate on Wednesday whether to make amendments to the Criminal Justice Bill to clamp down on rogue cyclists. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
⏲ 2:31 👁 49.2M
Saving to Invest
⏲ 14 minutes 23 seconds 👁 50.7K
Karlton Dennis
⏲ 12 minutes 52 seconds 👁 14.5K
The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.
⏲ 1:29 👁 4.9M
Random
⏲ 1 minute 43 seconds 👁 5.3K
Money Instructor
⏲ 9 minutes 12 seconds 👁 215.6K
in the cost of living crisis, should people still get kicked out of venues for the wrong dress code.
⏲ 1:10 👁 3.9M
Shalae Morgan
⏲ 12 minutes 54 seconds 👁 20.3K
WCNC
⏲ 2 minutes 8 seconds 👁 4.6K
The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.
⏲ 1:29 👁 3.8M
CRA Updates
⏲ 8 minutes 54 seconds 👁 217
Karla Dennis
⏲ 8 minutes 35 seconds 👁 8.4K
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