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If ever there is anything like a good year to die in, it is 2010 - but only if you are a millionaire US citizen. America's 'death tax', which was repealed in 2010, is set to be introduced in the new year. Formally called the estate tax, it is levied on inheritance before it is passed on from one generation to the next. The tax was introduced in 1916 and has been in force ever since. The brief window in 2010 was the only exception, making it a freak year in which death carried a huge tax break.

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Shiv Sena, the single biggest party of the Aurangabad Municipal Corporation (AMC), on Sunday suggested its approval to some marginal hike in property tax over the groups for that 2016-17 financial year. Sena group leader Raju Vaidya stated the party would likely offer the support in the efforts to consolidate the budget by the Municipal body.

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You need to know exactly what kind of tax implications are put on a property in the US. Different rules apply to different types of investment, so make sure you get the correct legal advice when you buy a US property.