succession of property

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As a nation we will require fiscal prudence and increased social spending as the provincial share in the National Finance Commission Award has increased, they have fifty percent control over natural resources, got General Sales Tax on services, duties in respect of succession of property, estate duty, capital gains and provincial powers to raise loans.
TRUSTS created in a will are a very effective way of managing the succession of property in a flexible and tax efficient manner.
It is regrettable that we have to follow rules regarding succession of property in such circumstances, but hope to take a sympathetic approach in reaching a resolution," he said.