How Do You Spell GST Tax Relief? E-G-T-R-R-A of 2001
- Topics:
- Regulatory issues
- Tags:
- Allocation,
- Finance,
- Financial Planning,
- Free Trade,
- McGuireWoods,
- Taxes
- Source:
- McGuireWoods
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Overview: The article is about the regulatory issues for tax relief and summarizes the GST tax phase-out provisions. The new legislation presents a number of immediate opportunities for planners to address partial inclusion ratios, botched GST tax allocations and numerous other problems. Unlike the other "tax relief" provisions in the Act, those that apply to the GST tax are effective as of January 1, 2001. These improvements to the GST tax laws motivate planners to review their clients’ GST tax trusts now to ease the future pain of GST tax. It explains about phase-out of GST Tax, deemed allocation of GST Tax exemption, retroactive allocations of the act.
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Format: HTML | Date: Jun 2002 | Pages: 1
