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Warren Buffett has been selling more stocks than buying from Berkshire Hathaway's portfolio for the last 6 quarters, including selling a portion of his Apple stake and all of his Paramount shares. Buffett trimmed 13% of Berkshire's Apple position, still the largest holding, to take tax losses now ahead of potential future tax increases. Berkshire no longer sees Paramount as having the right assets to be a successful entertainment company. Berkshire's main stock purchases were adding to its Liberty SiriusXM tracking stock position and Occidental Petroleum stake.
⏲ 0:35 👁 3.1M
Crunch - Accounting Software
⏲ 3 minutes 26 seconds 👁 8.3K
The Form Filler
⏲ 48 minutes 57 seconds 👁 24.1K
SOURCES & LINKSnnCost of living paymentnnCost of living payments – first instalment (ÂŖ326) mostly to be paid by end of this month (except if on tax credits & not the other means tested benefits).nnhttps://www.gov.uk/guidance/cost-of-living-paymentnnWinter fuel payment increased by extra ÂŖ300 per qualifying householdnnhttps://www.legislation.gov.uk/uksi/2022/813/madennMore on cost of living supportnhttps://costoflivingsupport.campaign.gov.uk/nnHelp over school holidays – local autho
⏲ 14 min 57 sec ✓ 25-Jul-2022
Kliment Paskalev
⏲ 5 minutes 13 seconds 👁 243
HMRCgovuk
⏲ 1 minute 33 seconds 👁 89.6K
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 👁 1.5M
Tony D | The Chief Finance Officer
⏲ 7 minutes 52 seconds 👁 87.5K
HMRCgovuk
⏲ 2 minutes 51 seconds 👁 26.2K
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 👁 2.3M
Sierens Financial Group
⏲ 30 minutes 37 seconds 👁 57.2K
Small Business Toolbox
⏲ 14 minutes 👁 2K
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