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{"id":15833,"date":"2016-06-08T16:54:13","date_gmt":"2016-06-08T16:54:13","guid":{"rendered":"http:\/\/www.seonewswire.net\/2016\/06\/net-gifts-can-be-used-to-reduce-gift-tax-rate\/"},"modified":"2016-06-08T16:54:13","modified_gmt":"2016-06-08T16:54:13","slug":"net-gifts-can-be-used-to-reduce-gift-tax-rate","status":"publish","type":"post","link":"http:\/\/www.seonewswire.net\/2016\/06\/net-gifts-can-be-used-to-reduce-gift-tax-rate\/","title":{"rendered":"Net gifts can be used to reduce gift tax rate"},"content":{"rendered":"
One strategy to lower your taxable estate is lifetime giving. However, there is a gift tax rate of 40 percent. If you have exhausted your $5.43 million gift and estate tax exemption, and you wish to lower your gift taxes, consider the possibility of making net gifts. This method obligates the recipient to pay the gift tax as a condition of accepting the gift, thereby lowering the value of the gift for gift tax purposes. <\/p>\n

An example that reveals the ability of the net gift to save taxes is as follows. A grantor intends to make a $2 million gift to his son. Having used up his gift and estate tax exemption, he would like to reduce the tax. Applying a gift tax rate of 40 percent, if he were to make an outright gift, he would have to pay $400,000 in tax. <\/p>\n

However, if his son agreed to (more…)<\/span><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

One strategy to lower your taxable estate is lifetime giving. However, there is a gift tax rate of 40 percent. If you have exhausted your $5.43 million gift and estate tax exemption, and you wish to lower your gift taxes,…<\/span><\/p>\n

Read more ›<\/a><\/div>\n

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