Thereâs a downside for the recipient when the donor gifts an asset instead of leaving it behind in an estate. The basis, or original price of the asset in tax terms, can be substantially different. Borison gave this example: A person bought property years previously for $10,000 that is now worth $100,000.
Western Standard Time, which was used in Taiwan and some parts of Okinawa, was abolished by Ordinance 529 in 1937 and replaced by Central Standard Time in those areas. Territories occupied by Japan during World War II, including Singapore and Malaya, adopted Japan Standard Time for the duration of their occupation, but reverted after Japan's surrender.
Japan Standard Time. Japan Standard Time or JST (æ¥æ¬æ¨æºæ, Nihon HyÅjunji, or ä¸­å¤®æ¨æºæ ChÅ«Å HyÅjunji) is the standard timezone in Japan, and is 9 hours ahead of UTC (i.e. it is UTC+09:00). There is no daylight saving time, though its introduction has been debated several times. During World War II, it was often called Tokyo Standard Time.