generation skipping transfer

generation-skipping transfer. A conveyance of assets to a “skip person,” that is, a person more than one generation removed from the transferor. • For example, a conveyance either directly or in trust from a grandparent to a grandchild is a generation-skipping transfer subject to a generation-skipping transfer tax. IRC (26 USCA) §§ 2601–2663. See generation-skipping transfer tax under TAX; generation-skipping trust under TRUST; SKIP PERSON.

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词条贡献者

双语律师William，国内知名法学院金融专业，擅长翻译各类与投资基金、投资顾问及金融衍生工具相关的法律文件。