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.


Related Articles

  • Gifts which revert to the estate and the three-year rule. Sorkin, Mitchell // CPA Journal;Aug95, Vol. 65 Issue 8, p73 

    Focuses on the use of lifetime gifts to reduce eventual estate taxes. Taxation requirements of gifts; Appreciation or income generated from excluded gifts; Gift splitting; Marital deductions; Possible reversions to the estate and of the three-year rule.

  • Don't look discounted gift trust in mouth. Jelley, Colin // Money Marketing;8/7/2003, p33 

    Focuses on inheritance tax treatment of discounted gift trusts in Great Britain. Role of this arrangements in enabling investors to give away assets but keep the right to an income without creating a gift reservation; Laws relating to gift with reservation; Implications on inheritance tax...

  • What If The Estate Tax Ends? Blazzard, Norse N.; Hasenauer, Judith A. // National Underwriter / Life & Health Financial Services;8/16/99, Vol. 103 Issue 33, p7 

    Discusses the estate tax in the United States. Tax legislation that could modify or end estate and gift taxes; Reason estate taxes have often been characterized as the only voluntary tax imposed by the government.

  • Estate And Gift Taxes Are Essential. Bobo, Jack // National Underwriter / Life & Health Financial Services;9/13/99, Vol. 103 Issue 37, p39 

    Discusses the importance of estate and gift taxes in the United States. Plan of the Congress to scrap provisions in the tax code that tax estates at death and gifts during lifetime; Source of revenue in times of war; Variations of the death tax; System for the dispersal of power.

  • New York Times Article Didn't Print All The Facts That Fit The Case. Friedman, Douglas I. // National Underwriter / Life & Health Financial Services;9/9/2002, Vol. 106 Issue 36, p41 

    Focuses on a secret tax-saving scheme wherein wealthy individuals avoid substantial estate and gift taxes. Review process of private letter ruling.

  • Transferee Liability.  // Practical Accountant;Apr2000, Vol. 33 Issue 4, p14 

    Reports that individuals who received stock from a decedent within three years of his death are transferees of property and personally liable for unpaid estate taxes due to the latter's failure to include gift taxes paid on the stock gifts in the estate.

  • Death and gift taxes.  // Crain's New York Business;06/29/98, Vol. 14 Issue 26, p42 

    Presents statistical information on the amount of money collected from estate and gift taxes per capital.

  • REPORT OF THE COMMITTEE ON ESTATE AND GIFT TAXES. Newman, Lawrence // Tax Lawyer;Summer78, Vol. 31 Issue 4, p950 

    Reports the activities of the committee on estate and gift taxes in the United States. Regulations of the Technical Corrections Act; Proposals in the estate and gift tax area; Survey on estate and gift taxation developments.

  • Q&A: Estate and Gift Taxes.  // Business Owner;May/Jun2011, Vol. 35 Issue 3, p7 

    The article provides an answer to a question about estate and gift taxes and the ways for their calculation.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics