Generation-Skipping Transfer Tax (or GST tax) is a tax imposed on transfers of assets to persons who are two or more generations removed from the individual making the gift. One example would be a gift from grandparent to grandchild or great-grandchild.

GSTT Using Lifetime Gifts (Definition) | GSTT Using Bequests (Illustration) | GSTT Using Bequests (Definition) | Synopsis of IRS Publication 448 | Generation-Skipping Transfer Tax (Illustration) | GSTT Using Lifetime Gifts (Illustration)

 

 

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