Legal Question in Tax Law in Texas

Gift tax?

When husband inherits money can he

give half of it to his wife without

having to pay tax?


Asked on 5/31/09, 2:17 pm

1 Answer from Attorneys

Rohini Kumar Tenneti R.K.1080 LEGAL SERVICES

Re: Gift tax?

The Gift Tax act is abolished and so as the gift given to your spouse subject to income tax paid if the amount gifted was income from inherited property or whatsoever.

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Answered on 6/01/09, 3:22 am


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