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 of whether there was sufficient consideration f...
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Main Author: | |
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Corporate Author: | |
Format: | Online |
Language: | English |
Published: |
Arlington, VA :
Tax Management,
[©2005]-
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Series: | Tax management portfolios ;
845-3rd |
Subjects: | |
Online Access: | https://www.bloomberglaw.com/product/tax/citation/tm%20845 |
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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 of whether there was sufficient consideration for the transfer is determinative. In addition to direct gifts of property, transfers in trust, and transfers of real, personal, tangible, and intangible property, the gift tax attaches to indirect gifts, such as the payment of another's expenses (except for certain tuition and medical expenses) and interest-free loans." |
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Item Description: | Formerly published in Washington, D.C., 2005-2007 Title from title screen (viewed May 17, 2013) |
Publication Frequency: | Updated irregularly |
Format: | Mode of access: World Wide Web |
Bibliography: | Includes bibliographical references |