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Generation-Skipping Transfer Tax (GSTT)

What is 'Generation-Skipping Transfer Tax - GSTT'

A tax incurred when there is a transfer of property by gift or inheritance to a beneficiary who is more than 37.5 years younger than the donor. Generation-skipping transfer taxes serve the purpose of ensuring that taxes are paid when assets are placed in a trust, and the person receives amounts in excess of the generation-skipping estate tax credit.

Explaining 'Generation-Skipping Transfer Tax - GSTT'

GSTT commonly occurs with a transfer to grandchildren. However, most people will hardly incur this tax as the GSTT exemption has for the past few years ranged between $3.5 million to $5 million. Additionally, transferors can create dynasty trusts which are completely released from paying the GSTT.


Further Reading


The Generation-Skipping Transfer Tax: A Quick Guide
papers.ssrn.com [PDF]
… hus- band, assuming his GSTT exemption is in- tact, his assets are transferred to the … Under the ETIP rales, you cannot allocate GSTT exemption to the transaction until the 15 … from the tax cal- culation, but because of the ETIP rales, the generation-skipping transfer tax would be …

Simplifying the use of the generation-skipping transfer tax exemptionSimplifying the use of the generation-skipping transfer tax exemption
search.proquest.com [PDF]
… hus- band, assuming his GSTT exemption is in- tact, his assets are transferred to the … Under the ETIP rales, you cannot allocate GSTT exemption to the transaction until the 15 … from the tax cal- culation, but because of the ETIP rales, the generation-skipping transfer tax would be …

Generation Skipping—Planning PrinciplesGeneration Skipping—Planning Principles
lib.dr.iastate.edu [PDF]
… hus- band, assuming his GSTT exemption is in- tact, his assets are transferred to the … Under the ETIP rales, you cannot allocate GSTT exemption to the transaction until the 15 … from the tax cal- culation, but because of the ETIP rales, the generation-skipping transfer tax would be …

Avoiding GSTT AsteroidAvoiding GSTT Asteroid
heinonline.org [PDF]
… hus- band, assuming his GSTT exemption is in- tact, his assets are transferred to the … Under the ETIP rales, you cannot allocate GSTT exemption to the transaction until the 15 … from the tax cal- culation, but because of the ETIP rales, the generation-skipping transfer tax would be …

Should I Create a Trust for My Child-Choosing between the Generation-Skipping Transfer Tax and the Estate or Gift TaxShould I Create a Trust for My Child-Choosing between the Generation-Skipping Transfer Tax and the Estate or Gift Tax
heinonline.org [PDF]
… hus- band, assuming his GSTT exemption is in- tact, his assets are transferred to the … Under the ETIP rales, you cannot allocate GSTT exemption to the transaction until the 15 … from the tax cal- culation, but because of the ETIP rales, the generation-skipping transfer tax would be …

Transfer Tax Planning and ManagementTransfer Tax Planning and Management
link.springer.com [PDF]
… hus- band, assuming his GSTT exemption is in- tact, his assets are transferred to the … Under the ETIP rales, you cannot allocate GSTT exemption to the transaction until the 15 … from the tax cal- culation, but because of the ETIP rales, the generation-skipping transfer tax would be …

Fixing the Federal Wealth Transfer Tax SystemFixing the Federal Wealth Transfer Tax System
papers.ssrn.com [PDF]
… hus- band, assuming his GSTT exemption is in- tact, his assets are transferred to the … Under the ETIP rales, you cannot allocate GSTT exemption to the transaction until the 15 … from the tax cal- culation, but because of the ETIP rales, the generation-skipping transfer tax would be …


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