Generation-Skipping Transfer Tax - Introduction

To ensure the fair and even application of tax laws, public policy dictated that there be an estate or gift tax upon the passing of property between each generation and Congress therefore enacted the generation-skipping transfer tax (GSTT). Traditionally, the GSTT tax is assessed at the highest applicable estate tax rate, which is 40% in 2013.



Identify Transfers Subject to the GSTT


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RELATED TERMS
  1. Generation-Skipping Transfer Tax ...

    A tax incurred when there is a transfer of property by gift or ...
  2. Transfer Tax

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  4. Dynasty Trust

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