Status of Federal Income and Estate Taxes on Community Property in California

The Common properties (community property) is an asset that the husband and wife acquired during the household lifes, which both of them is agree that after united through marriage bonds, that the property produced by one or both of them will be common property. It shows, that if there's an agreement between husband and wife before marriage (did not to unify their property), then the property produced both will not become a joint treasure. Thus, if a husband or wife dies, or divorces, then the property owned by both of them can be distributed in accordance with their respective shares, another case when the two couples are not making an agreement, then the property gained during marriage bonds can be divided into types of communal property. In Islamic law, this kind of treasure is not contained in the Qur'an or Sunnah. Nor in Islamic jurisprudence. However, Islamic law legalizes the existence of common property as long as it is applicable in a society and the benefit in the distribution of such property. In contrast to the positive law, this property types have been regulated and described in the Marriage Law, as well as the Islamic Law Compilations, which became the legal restriction in the affairs of marriage in force in Indonesia. In this study, the author tries to compile the existence of common property according to the Islamic law reviews and positive law.

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INSTITUTIONAL FEATURES OF TERRITORIAL COMMUNITY PROPERTY MANAGEMENT

Economy of Ukraine ◽

10.15407/economyukr.2020.09.037 ◽

2020 ◽

Vol 2020 (9) ◽

pp. 37-47

Author(s):

Iryna TYMECHKO ◽

Keyword(s):

Property Management ◽

Community Property ◽

Institutional Features

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Tax-Advantaged Trust Use Among IPO Executives: Determinants and Implications for Valuation and Future Performance

The Accounting Review ◽

10.2308/accr-52590 ◽

2019 ◽

Vol 95 (3) ◽

pp. 145-175 ◽

Cited By ~ 2

Author(s):

Michael J. Dambra ◽

Matthew Gustafson ◽

Phillip J. Quinn

Keyword(s):

Stock Price ◽

Relevant Information ◽

Data Availability ◽

Market Prices ◽

The Public ◽

Future Performance ◽

Estate Taxes ◽

Price Appreciation ◽

One Year ◽

Jel Classifications

ABSTRACT We examine the prevalence and determinants of CEOs' use of tax-advantaged trusts prior to their firm's IPO. Twenty-three percent of CEOs use tax-advantaged pre-IPO trusts, and share transfers into tax-advantaged trusts are positively associated with CEO equity wealth, estate taxes, and dynastic preferences. We project that pre-IPO trust use increases CEOs' dynastic wealth by approximately $830,000, on average. We next examine a simple model's prediction that trust use will be positively related to IPO-period stock price appreciation. We find that trust use is associated with 12 percent higher one-year post-IPO returns, but is not significantly related to the IPO's valuation, filing price revision, or underpricing. This evidence is consistent with CEOs' personal finance decisions prior to the IPO containing value-relevant information that is not immediately incorporated into market prices. JEL Classifications: D14; G12; G32; M21; M41. Data Availability: Data are available from the public sources cited in the text.

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