generation-skipping transfer tax
GPTKB entity
Statements (24)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:tax_law
|
| gptkbp:appliesTo |
gptkb:United_States
gifts trusts inheritances direct skips taxable distributions taxable terminations |
| gptkbp:codifiedIn |
gptkb:Internal_Revenue_Code
|
| gptkbp:dateEnacted |
1976
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| gptkbp:exemptionAmount |
lifetime exemption
|
| https://www.w3.org/2000/01/rdf-schema#label |
generation-skipping transfer tax
|
| gptkbp:imposedBy |
transfers to skip persons
|
| gptkbp:IRS_Form |
Form 706-GS(D)
Form 706-GS(T) |
| gptkbp:purpose |
prevent avoidance of estate tax
|
| gptkbp:rating |
flat rate equal to highest estate tax rate
|
| gptkbp:relatedTo |
estate tax
gift tax |
| gptkbp:updated |
1986
|
| gptkbp:bfsParent |
gptkb:Trusts_and_Estates
gptkb:U.S._Internal_Revenue_Code |
| gptkbp:bfsLayer |
8
|