TAXABLE DISTRIBUTION

glossary / TAXABLE DISTRIBUTION

TAXABLE DISTRIBUTION

taxable distribution. A generation-skipping transfer from a trust to the beneficiary (i.e., the skip person) that is neither a direct skip nor a taxable termination. See GENERATION-SKIPPING TRANSFER; generation-skipping transfer tax under TAX; generation-skipping trust under TRUST; SKIP PERSON. [Cases: Internal Revenue 4224.]
What is the legal equivalent of the term TAXABLE DISTRIBUTION in Chinese?
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