Credit for Tax on Prior Transfers

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Credit for Tax on Prior Transfers

Credit for Tax on Prior Transfers means:
a credit or other debt instrument allowed against the estate tax for all or a part of the estate tax paid with respect to the transfer of property to the decedent by someone who died within 10 years before or within 2 years after the decedent's death.

See Inheritance Tax and Inheritance Tax.

Related Entries in the American Tax Encyclopedia:

  1. Credit for Foreign Death Taxes
  2. Revocable Transfers
  3. Credit for Prior Year Minimum Tax
  4. Estate Tax Payable
  5. State Death Tax Credit
  6. Gift In Contemplation of Death
  7. Incomplete Gift
  8. Investment Tax Credit
  9. Net Estate
  10. Alternate Valuation
  11. Decedent’s Estates
  12. Adjusted Taxable Estate
  13. Will
  14. Credit for Fica Taxes Paid
  15. Minimum Tax Credit
  16. Refundable Credit
  17. Income In Respect of A Decedent
  18. Estate
  19. Gift Causa Mortis
  20. Nonrefundable Credit
  21. Inheritance Tax
  22. Unified Credit
  23. Qualified Terminable Interest Property Trust
  24. Credit for Fuel from A Nonconventional Source
  25. Exemption Equivalent Amount

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