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Sec. 2613 Skip person and non-skip person defined

  • Internal Revenue Code of 1986
  • SUBTITLE B -- ESTATE AND GIFT TAXES
  • Chapter 13 -- Tax on Certain Generation-skipping Transfers
  • Subchapter B -- Generation-skipping Transfers

(a) Skip person. For purposes of this chapter, the term "skip person" means--

(1) a natural person assigned to a generation which is 2 or more generations below the generation assignment of the transferor, or

(2) a trust--

(A) if all interests in such trust are held by skip persons, or

(B) if--

(i) there is no person holding an interest in such trust, and

(ii) at no time after such transfer may a distribution (including distributions on termination) be made from such trust to a nonskip person.

(b) Non-skip person. For purposes of this chapter, the term "non-skip person" means any person who is not a skip person.

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