Gifts /
" ... discusses the definition of "taxable gift" and analyzes when a transfer subject to the gift tax occurs. Donative intent on the part of the transferor is not required for the transfer to be a taxable gift. Instead, an objective test determines whether a gift has been made: did th...
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| Previous Title: | Lischer, Henry J. Gifts. |
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| Main Author: | |
| Corporate Authors: | , |
| Format: | Book |
| Language: | English |
| Published: |
Arlington, VA :
Tax Management. Inc.,
©2013-
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| Series: | Tax management portfolios ;
845-3rd |
| Subjects: | |
| Online Access: | http://taxandaccounting.bna.com/btac/display/link_res.adp?lt=email&fname=tm_845&split=1 |
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| Summary: | " ... discusses the definition of "taxable gift" and analyzes when a transfer subject to the gift tax occurs. Donative intent on the part of the transferor is not required for the transfer to be a taxable gift. Instead, an objective test determines whether a gift has been made: did the transferor receive sufficient consideration for the transfer? The gift tax applies to direct gifts of property, transfers in trust, and transfers of real, personal, tangible, and intangible property, and it also applies to indirect gifts such as the payment of another's expenses (except for certain expenses such as tuition and medical) and interest-free loans." |
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| Item Description: | Kept up to date with revision pages "This portfolio revises and supersedes 845-2nd T.M." "Bloomberg BNA"--Cover |
| Physical Description: | volumes (loose-leaf) ; 28 cm |
| Publication Frequency: | Updated irregularly |
| Bibliography: | Includes bibliographical references (pages C1-C4) |
| ISBN: | 9781558719897 155871989X |