TITLE

Estate and gift taxation of Puerto Rico individuals

AUTHOR(S)
Rivera, Maria de los A.
PUB. DATE
March 2007
SOURCE
Caribbean Business;3/1/2007, Vol. 35 Issue 8, Special section p5
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
24262707

 

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