26 U.S.C. § 2603 - U.S. Code - Unannotated Title 26. Internal Revenue Code § 2603. Liability for tax

(a) Personal liability.--

(1) Taxable distributions. --In the case of a taxable distribution, the tax imposed by section 2601 shall be paid by the transferee.

(2) Taxable termination. --In the case of a taxable termination or a direct skip from a trust, the tax shall be paid by the trustee.

(3) Direct skip. --In the case of a direct skip (other than a direct skip from a trust), the tax shall be paid by the transferor.

(b) Source of tax. --Unless otherwise directed pursuant to the governing instrument by specific reference to the tax imposed by this chapter, the tax imposed by this chapter on a generation-skipping transfer shall be charged to the property constituting such transfer.

(c) Cross reference.--

For provisions making estate and gift tax provisions with respect to transferee liability, liens, and related matters applicable to the tax imposed by section 2601 , see section 2661 .


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