Chapter 6 - § 6.4 • STATE GIFT TAX IMPLICATIONS

• Jurisdiction: Colorado

§ 6.4 • STATE GIFT TAX IMPLICATIONS

§ 6.4.1—Colorado

For transfers made on or after January 1, 1980, Colorado no longer imposes a gift tax. C.R.S. § 39-25-120. For transfers prior to 1980, a gift tax was imposed. C.R.S. §§ 39-25-101, et seq.

§ 6.4.2—Other States

Even though Colorado no longer imposes a gift tax, be advised other states may impose a gift tax upon the transfer of property by Colorado domiciliaries. This most often occurs in the case of a transfer of real property located in another state. Accordingly, in the case of real or...