Transfer Tax
In one sentence: A tax on the transfer of property, including gift, estate, and GST taxes.
What it means
The 'unified' transfer tax system links lifetime gifts and bequests through a single exemption — $13.61M per person in 2024.
In one sentence: A tax on the transfer of property, including gift, estate, and GST taxes.
The 'unified' transfer tax system links lifetime gifts and bequests through a single exemption — $13.61M per person in 2024.