RUBIN ON TAX : Of Spousal Gifts and the Substance Over Form Doctrine (November 22, 2021)

Charles Rubin has made available for download his article, “Of Spousal Gifts and the Substance Over Form Doctrine”, published in his blog RUBIN ON TAX. The article begins as follows:

U.S. spouses each have a unified credit that allows for substantial gifting to third parties without requiring the payment of gift tax. What happens if one spouse has assets to be gifted away, but that spouse does not have sufficient remaining unified credit exemption to cover the gift and wants to use the exemption of the other spouse?

Click here to see the full article: “Of Spousal Gifts and the Substance Over Form Doctrine”

Posted by Isabella King, Associate Editor, Wealth Strategies Journal.

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