Logourl black

Generation-skipping transfer tax


A federal tax imposed on both inter vivos and testamentary gifts to grandchildren and subsequently younger generations or unrelated persons who are at least 37.5 years younger than the transferor. The purpose of the tax is to prevent a transferor from avoiding gift and estate taxes by skipping a generation.

Related Rules [?]

The related rules section is for members only and includes a compilation of all the rules of law in Quimbee's database relating to this key term.

To access the related rules, please start your free trial or log in.