- taxable transfer
- A transfer of property subject to gift tax. See taxable gifts.
Ballentine's law dictionary. Anderson, W.S.. 1998.
taxable transfer
Look at other dictionaries:
taxable distribution — n: a generation skipping transfer of property held in trust that is subject to a generation skipping transfer tax payable by a skip person when he or she receives a distribution of income or principal compare direct skip, taxable termination… … Law dictionary
taxable termination — n: a generation skipping transfer of property held in trust that is subject to a generation skipping transfer tax payable by the trustee when an interest in the property terminates (as at the death of the parent of a skip person), no interest is… … Law dictionary
Transfer pricing — refers to the pricing of contributions (assets, tangible and intangible, services, and funds) transferred within an organization. For example, goods from the production division may be sold to the marketing division, or goods from a parent… … Wikipedia
taxable — Subject to taxation; liable to be assessed, along with others, for a share in a Something of value, subject to assessment, and to be levied upon and sold for taxes. Williams v. School Dist. No. 32 in County of Fremont, 56 Wyo. 1, 102 P.2d 48, 52 … Black's law dictionary
transfer price — The *price of a good or service used in transactions between parts of a decentralized organization. The transfer pricing arrangements of * multinational corporations can be used to shift taxable *income to low tax countries, but regulatory… … Auditor's dictionary
taxable estate — That portion of a deceased person s estate that is subject to transfer tax. Bloomberg Financial Dictionary … Financial and business terms
taxable gifts — Broadly, gifts subject to statutory gift taxes. Precisely, completed gifts by conveyance, assignment or transfer of money, property or property rights vesting legal or equitable title in the donee, a relinquishment of dominion and control over… … Ballentine's law dictionary
unified transfer tax — A federal tax levied on the transfer of property through an estate at the time of death or on a taxable transfer by gift. The estate or the donor is responsible for payment of the tax. The unified credit may be applied against the unified… … Black's law dictionary
generation–skipping transfer — n: a transfer of property or of an interest in property that is to a person of a generation more than one generation below that of the transferor and that can be characterized as a taxable termination, a taxable distribution, or a direct skip see … Law dictionary
generation-skipping transfer tax — The 1986 Tax Reform Act imposes a generation skipping transfer tax on (1) transfers under trusts (or similar arrangements) having beneficiaries in more than one generation below that of the transferor, and (2) direct transfers to beneficiaries… … Black's law dictionary
