Sentences with phrase «below estate tax threshold»

For those who will be subject to estate taxes these annual gifts can help to reduce their taxable estates below the estate tax threshold.»

December 2015 Fast Facts: New Jersey's Average Home Values Are Well Below Estate Tax Threshold By Sheila Reynertson

Not exact matches

Reductions in New York's estate tax which applies to only the three percent largest estates by increasing the threshold, below which there is no tax, from $ 1 million to $ 5.25 million, and reducing the tax rate for estates above $ 5.25 million from 16 % to 10 %.

Alternatively, if the survivor had made significant lifetime gifts before their death to bring their estate below the # 2m threshold — even if they had not survived for seven years — then their estate would have been entitled to # 1m tax free, giving their children # 70,000 more than in the first example and even more if they survived the gift by seven years.