The following gifts could be subject to the generation skipping transfer tax except:

Question

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The generation-skipping transfer (GST) tax is a federal tax that applies to transfers of property by gift or inheritance to a beneficiary who is at least two generations younger than the donor, such as grandchildren and great-grandchildren. A gift from a grandson to a grandfather does not skip a generation but rather moves up a generation, and therefore, would not be subject to the GST tax.

The Following Gifts Could Be Subject to the Generation Skipping