Governor Charles D. Baker's Budget Recommendation - House 1 Fiscal Year 2016

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1.106 -Non-taxation of Capital Gains at the Time of Gift


Item DescriptionFY2012 FY2013 FY2014 FY2015 FY2016
1.106 Non-taxation of Capital Gains at the Time of Gift
Ordinarily, capital gains are taxed at the time appreciated property is transferred. However, no tax is imposed on a capital gain when appreciated property is transferred by gift. The taxation of appreciation is deferred until the recipient transfers the property.

Comment: See also item 1.022 above.

Origin:  IRC S. 1001, 1015
Estimate:  $98.4
66 91.4 84.6 92.7 98.4

Key:

ORIGIN  
IRCFederal Internal Revenue Code (26 U.S.C.)
U.S.C United States Code
M.G.L. Massachusetts General Laws
Rev. Rul.; C.B. Revenue Ruling; Cumulative Bulletin of the U.S. Treasury
ESTIMATES All estimates are in $ millions.


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