Estate and gift taxation of Puerto Rico individuals

Rivera, Maria de los A.
March 2007
Caribbean Business;3/1/2007, Vol. 35 Issue 8, Special section p5
The article discusses the estate and gift taxes in Puerto Rico. Both types of taxes are considered to be effective though they receive little or no attention at all. It has been stressed that estate tax applies differently to estates to the residents and nonresidents of the U.S. It is applicable to worldwide estate. It has been stressed that the residents of Puerto Rico are taxed on gifts made of all property. Estates are taxable only on the island's property.


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