All the following statements concerning the generation-skipping transfer tax (GSTT) are correct

All the following statements concerning the generation-skipping transfer tax (GSTT) are correct

EXCEPT:
A . Tuition payments made by a grandparent directly to a university for a grandchild’s education are exempt from GSTT.
B . Direct skip gifts by a grandparent of up to $11,000 can be made to each grandchild without GSTT liability due to an annual exclusion.
C . Each individual has an aggregate $1.5 million exemption against GSTT.
D . The liability for GSTT falls upon the donee regardless of the type of transfer.

View Answer

Answer: D