AICPA每日一练之REG【2016-1-12】

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The generation-skipping transfer tax is imposed:

a. On transfers of future interest to beneficiaries who are more than one generation above the donor's generation.

b. As a separate tax in addition to the gift and estate taxes.

c. Instead of the estate tax.

d. Instead of the gift tax.

Answer：B

Choice "b" is correct. The generation-skipping transfer tax is imposed in addition to any gift or estate tax that may result from a transfer.

Choices "d" and "c" are incorrect, per the above rule.

Choice "a" is incorrect. The generation-skipping transfer tax is imposed on transfers of future interest who are two generations or more below the donor's generation.

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