Tag Archives: exemptions

Estate and Gift Tax 2018 Inflation Adjustments

On October 19, the IRS issued Revenue Procedure 2017-58, the annual inflation adjustments for 2018 for many tax provisions, including exemptions for estate, gift and generation-skipping transfer (GST) taxes as well as the annual exclusion amount for gifts as follows: Estate, Gift and GST Tax Exemption Increases to $5,600,000.  For estates of decedents who pass… Read More »

REAL ESTATE UPDATE – SUPREME COURT LIMITS CEQA CHALLENGES

An “Unusual Circumstance” California Supreme Court Decision Limits CEQA Challenges It took the California Supreme Court 46 pages to clarify the availability of California Environmental Quality Act (“CEQA”) exemptions.  The long-awaited decision in the Berkeley Hillside Preservation, et al. v. City of Berkeley case addressed a couple of crucial issues faced by developers of in-fill… Read More »