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.
Korea Standard Time is the same as Japan Standard Time, Indonesian Eastern Standard Time and Yakutsk Time. North Korea was also on Korea Standard Time, but in August 2015 adopted Pyongyang Standard Time, which is 30 minutes behind.