This covers the terms under which an individual or organisation is given assets.
It sounded so simple: give state-owned assets to the people.
For most taxpayers, it is better to give assets with long-term appreciation than to give cash.
The longer you survived after giving assets to someone the less tax they paid on the gift.
Giving assets to a trust fund before death.
It is estimated that state recognition of the property of the poor would give them assets worth 40 times all the foreign aid since 1945.
Many elderly people give assets to their children.
That can be done by giving them enough assets to push their income over the exemption amount.
Many families give assets like growth stocks - having little or no dividends - to young children.
Even so, some analysts considered it a bargain, given the real estate assets that remained.