incomplete transfer

incomplete transfer

Tax. A decedent’s inter vivos transfer that is not completed for federal estate-tax purposes because the decedent retains significant powers over the property’s possession or enjoyment. • Because the transfer is incomplete, some or all of the property’s value will be included in the transferor’s gross estate. IRC (26 USCA) §§ 2036–2038. [Cases: Internal Revenue […]

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incomplete transfer

incomplete transfer 〈美〉不完全转让 死者生前进行的财产转让。按照联邦死亡税〔death tax〕的规定,如转让人对转让财产仍拥有特定的控制或享用的权利,则这种转让是不完全的,由此转让的财产的部分或全部将依其公平市场价值〔fair market value〕被计入转让人的总财产〔gross estate〕之中,作为税基的一部分而被征税。

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