Dealing with taxing times

  • | Thursday | 11th July, 2019

Time to fill all those annual taxes — income tax returns, GST filing, professional tax, property tax and hopefully, not many other taxes! Internationally, for many countries, the impact of being in a legally recognised relationship is generally tax advantageous though there are some exceptions, especially where there is parenting involved. While live-in relationships have some legal protections, they are not necessarily recognised as a unit for taxation, for example. Even in relationships recognised for taxation and financial purposes, there are many different conditions and parameters. It also matters if both parties had filed taxes separately before becoming a couple, or if they had not, or were part of some other tax union.

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