2011年level 3 Q1-A estate, capital, 关系, 的

冰雨自由

选revocable trust。但是，解释不是很看得懂。tax on realized capital gain 是一样的。后面说的estate tax和这个有什么关系呢？
希望大家帮忙~

pabuyou

这个我也不是很明白
我觉得两个是一样的呀
求解释。。。。

yz2006

在irrevocable trust里，
支付的tax = 20% * (1,000,000 -100,000) = 180,000
在revocable trust里，
在becker去世后，由于cost basis = market value, 所以没有realized gain tax，但是要subject to estate tax 20%, 所以实际要支付的遗产税为1,000,000 * 20% = 200,000

所以貌似irrevocable trust更为划算
请问有没有tax高手可以指点一下？。。困惑中。。

冰雨自由

看答案的意思是说 tax on realized capital gain 对两个trust是都要的，区别在与estate tax。可是还是不懂。

能留下qq讨论下么？我的是345712046 谢谢了~

loyalvirgo

3楼正解吧。

jinnix

Here is what I think, assume portfolio does not grow.

If we sell $1mil in revocable trust, then sell all assets on date of death
Capital gain tax on sale: (1mil - 100K) * 20% = $180K <-- all cash, no more estate tax
Estate tax on remaining: 1mil * 20% = $200K <-- no capital gain
Irrevocable trust tax: (2mil - 200K) * 20% = $360K

Assume we sell $1mil in irrevocable trust, then sell all assets on date of death
Capital gain tax on sale: (1mil - 100K) * 20% = $180K
Capital gain tax on remaining sale: (1mil - 100K) * 20% = $180K
Estate tax on revocable trust: 2mil * 20% = $400K <-- no capital gain

If you look at the total tax paid, revocable trust is lower by the capital gain basis of 20K ($100K * 20%). So revocable trust minimizes total taxes.

冰雨自由

回复 6# jinnix


Thank you so much for your answer! i finally understand it.are you taking cfa III on sunday?

jinnix

yes, taking in Los Angeles. what about you?

ssigh

回复 7# 冰雨自由


   能否解释一下呢？

冰雨自由

回复 9# ssigh

我是这么理解的。

If we sell $1mil in revocable trust, then sell all assets on date of death
Capital gain tax on sale: (1mil - 100K) * 20% = $180K <-- all cash, no more estate tax
Estate tax on remaining: 1mil * 20% = $200K <-- no capital gain
Irrevocable trust tax: (2mil - 200K) * 20% = $360K

这里从revocable trust卖的话，卖出部分减掉basis后乘以20%是这部分要交的税
剩下部分交房产税。capital gain不用交了因为最后basis和MV一样了。
irrevocable trust tax 全额到最后，交360K。
总共是180+200+360

Assume we sell $1mil in irrevocable trust, then sell all assets on date of death
Capital gain tax on sale: (1mil - 100K) * 20% = $180K
Capital gain tax on remaining sale: (1mil - 100K) * 20% = $180K
Estate tax on revocable trust: 2mil * 20% = $400K <-- no capital gain

从irrevocable trust卖掉，卖掉部分和上面一样180k
然后剩余部分交capital gain的税
revocable trust 交房产税。
总共180+180+400

希望能帮到你理解