What is the Connecticut succession tax?

Connecticut Succession tax
0
Posted

What is the Connecticut succession tax?

0

The Connecticut succession tax applies, subject to allowable exemptions and deductions, to the transfers of a decedents property upon death. The exemption amounts and tax rates vary based on the date of the decedents death, and the relationship of the beneficiary to the decedent. The succession tax is being reduced in increments and will ultimately be repealed. 2. Who must sign and file a Connecticut succession tax return? A succession tax return must be filed for each decedent who, at the time of death, was a Connecticut resident. A succession tax return must also be filed for each decedent who, at the time of death, was a nonresident of Connecticut owning real or tangible personal property located in Connecticut. Generally, the administrator or executor must sign and file the succession tax return. If there is no administrator or executor, a survivor or transferee may file. If there is more than one fiduciary, all must sign the return. Two original returns must be filed with the Prob

Related Questions