gift tax

Changes to the rules on inter vivos gift and inheritance tax (Part 1): The revision of "the calendar year taxation system" for gift tax

Weekly magazines often feature articles about changes to inheritance and gift taxation rules, urging readers to take action before new regulations take effect. Starting on January 1, 2024, the Tax Reform Act will impose significant limitations on "the calendar year taxation system" for gift tax, a commonly used measure to lower inheritance tax. On the […]