info
Google Groups no longer supports new Usenet posts or subscriptions. Historical content remains viewable.
Dismiss
State Gift Tax?
30 views
Skip to first unread message
Frustrated
Jan 8, 2017, 9:57:12 PM1/8/17
to
Tom gives Mary a large gift. The state Tom lives in has no gift tax, but Mary's state does? Is there any state gift tax on it? (or any need to file a state gift tax return with anyone?)
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>
Stuart O. Bronstein
Jan 9, 2017, 9:54:13 AM1/9/17
to
Frustrated <wa...@lippman.info> wrote:
> Tom gives Mary a large gift. The state Tom lives in has no gift
> tax, but Mary's state does? Is there any state gift tax on it?
> (or any need to file a state gift tax return with anyone?)
No.
> Tom gives Mary a large gift. The state Tom lives in has no gift
> tax, but Mary's state does? Is there any state gift tax on it?
> (or any need to file a state gift tax return with anyone?)
--
Stu
http://DownToEarthLawyer.com
Arthur Rubin
Jan 10, 2017, 3:53:29 PM1/10/17
to
On Sunday, January 8, 2017 at 6:57:12 PM UTC-8, Frustrated wrote:
> Tom gives Mary a large gift. The state Tom lives in has no gift tax, but Mary's state does? Is there any state gift tax on it? (or any need to file a state gift tax return with anyone?)
It may depend on Mary's state, but probably not. Gift tax is a tax on the giver (Tom), and Mary's state probably does not have jurisdiction over Tom, and may not have a parallel tax on Mary. (See sales tax (on the seller) and use tax (on the buyer).)
> Tom gives Mary a large gift. The state Tom lives in has no gift tax, but Mary's state does? Is there any state gift tax on it? (or any need to file a state gift tax return with anyone?)
--
Arthur Rubin, CRTP, AFSP, Brea, CA
(CA has no gift tax)
0 new messages