Instructions For Form Ct-706, Connecticut Estate Tax Return (Page 3 of 3) in pdf

Line 1: Enter the amount from Schedule A, Line 1. No

Line Instructions for Part II, Nonresident Estates

special Connecticut estate tax is due from an estate if

Line 17: Enter the amount from Schedule A, Line 1. No

the amount entered, for Connecticut estate tax purposes,

special Connecticut estate tax is due from an estate if

on Part 2, Line 12 of federal Form 706 (Rev. August

the amount entered, for Connecticut estate tax purposes,

2002), completed in accordance with the August 2002

on Part 2, Line 12 of federal Form 706 (Rev. August

revision of the Instructions for Form 706 (as if the

2002), completed in accordance with the August 2002

decedent had died during calendar year 2002), is zero.

revision of the Instructions for Form 706 (as if the

decedent had died during calendar year 2002), is zero.

Line 2: Total death taxes means the total amount of

estate,

inheritance,

legacy,

succession

taxes

Line 18: A Type 1 estate must enter the total gross

(excluding interest) paid to any state of the United States

estate less exclusions as reported on federal Form 706,

(other than the State of Connecticut) or to the District of

Part 2, Line 1. A Type 2 estate must enter the total

Columbia for which credit was allowed to the estate

gross estate less exclusions from the August 2002

under I.R.C. §2011. Payment of these taxes is reported

revision of federal Form 706, Part 2, Line 1, completed

on Lines 1 to 3 of Schedule B. The amount entered on

in accordance with the August 2002 revision of the

Line 4 of Schedule B is the amount entered on Part I,

Instructions for Form 706 (as if the decedent had died

Line 2.

during calendar year 2002).

Line 3: A Type 1 estate must enter the total gross

Line 19: Enter the amount of Line 18 attributable to the

estate less exclusions as reported on federal Form 706,

estate’s real or tangible personal property located within

Part 2, Line 1. A Type 2 estate must enter the total

Connecticut.

gross estate less exclusions from the August 2002

revision of federal Form 706, Part 2, Line 1, completed

Line 22: Enter the amount of Connecticut succession

in accordance with the August 2002 revision of the

tax imposed under Chapter 216 of the Connecticut

Instructions for Form 706 (as if the decedent had died

General Statutes and actually paid to the State of

during calendar year 2002).

Connecticut. Any credit an estate claims against the

succession tax (such as the credit under Conn. Gen.

Line 4: Enter the amount of Line 3 attributable to the

Stat. §12-648 for Connecticut gift tax imposed and paid

estate’s real or tangible personal property located

on a gift includable in the donor’s gross taxable estate

outside of Connecticut.

for succession tax purposes) reduces the amount of

succession tax actually paid to the State of Connecticut

Line 9: Enter the amount of Connecticut succession tax

(and, accordingly, the credit available against the estate

imposed under Chapter 216 of the Connecticut General

tax under Conn. Gen. Stat. §12-391). See Example

Statutes and actually paid to the State of Connecticut.

under Line 10 instructions.

Any credit an estate claims against the succession tax

(such as the credit under Conn. Gen. Stat. §12-648 for

Line 28: The penalty for paying all or a portion of the

Connecticut gift tax imposed and paid on a gift

tax late is 10% (.10) of the tax paid late. If no tax is

includable in the donor’s gross taxable estate for

due, the Commissioner of Revenue Services may

succession tax purposes) reduces the amount of

impose a $50 penalty for the late filing of this return.

succession tax actually paid to the State of Connecticut

Interest will be computed on the tax paid late at the rate

(and, accordingly, the credit available against the estate

of 1% (.01) per month or fraction of a month from the

tax under Conn. Gen. Stat. §12-391).

due date of the return until the tax is paid.

Example: An estate claimed a credit of $3,000 against

For More Information

its succession tax liability for Connecticut gift tax of

Call the Inheritance Tax Section during business hours,

$3,000 imposed and paid on a gift includable in the

Monday through Friday, at 860-297-5737.

donor’s gross taxable estate for succession tax

purposes. If the estate’s succession tax liability, but for

Forms and Publications are available anytime by:

the credit under Conn. Gen. Stat. §12-648, would have

• Internet:

Preview

and

download

forms

and

been $10,000, the estate must enter $7,000 (and not

publications

from

the

DRS

Web

site

$10,000) on Line 9, because the amount of succession

tax actually paid to the state of Connecticut by the

• DRS TAX-FAX: Call 860-297-5698 from the handset

estate was $7,000 ($10,000 - $3,000).

attached to your fax machine and select from the

Line 15: The penalty for paying all or a portion of the

menu.

tax late is 10% (.10) of the tax paid late. If no tax is

due, the Commissioner of Revenue Services may

The forms mentioned in these instructions are also

impose a $50 penalty for the late filing of this return.

available from Connecticut probate courts.

Interest will be computed on the tax paid late at the rate

of 1% (.01) per month or fraction of a month from the

due date of the return until the tax is paid.

(Rev. 06/04)

Page 3 of 3

Instructions For Form Ct-706, Connecticut Estate Tax Return Page 3

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