ESTATE PLANNING AND INTER VIVOS GIFTS

Freeport, Grand Bahama, The Bahamas – In the third issue of GT’s News & Insights Volume 2, GrahamThompson Partner Erica Paine and Associate Zia Lewis-Adams tackle the subject Estate Planning and Inter Vivos Gifts.

In July 2019, the Government introduced tax reforms allowing for the exemption of transfer taxes on certain real property inter vivos gifts to family members. In this legal update, the authors review The Value Added Tax (Amendment) Act, 2019 and VAT Rule 2019-0004, establishing the significance of these provisions to estate planning by property owners.

Read more here, Estate Planning and Inter Vivos Gifts.