Instructions For Form Ct-709 - Connecticut Estate And Gift Tax Return

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Your spouse was not a citizen of the United

will be indexed for inflation after 1998 for federal and

States at the time of the gift.

Connecticut gift tax purposes. However, there is no

adjustment to the annual exclusion amount for 1999.)

If all the terminable interests that you gave to your spouse

qualify as life estates with power of appointment, do not

The donor’s adjusted basis for Connecticut gift tax

enter any of them on Schedule A.

purposes is the same as the donor's adjusted basis for

federal gift tax purposes.

If You do not Elect to "Gift Split"

Order for Grouping Gifts

If the total amount of gifts of present interests to any

donee is more than $10,000 in the calendar year, you

The order for grouping gifts on Schedule A, Column A

must enter all such gifts that you made during the year to

is:

or on behalf of that donee, including those gifts that will

1. Gifts to the donor’s spouse;

be excluded under the annual exclusion. If the total

2. Gifts to third parties that are to be split with the

amount is $10,000 or less, do not enter on Schedule A

spouse;

any gifts (except gifts of future interests) that you made

3. Charitable gifts (if taxpayer is not splitting with

to that donee. (The annual exclusion amount will be

the spouse); and

indexed for inflation after 1998 for federal and

4. Other gifts.

Connecticut gift tax purposes. However, there is no

adjustment to the annual exclusion amount for 1999.)

If a transfer results in gifts to two people (i.e., a life estate

to one, remainder to another), the gifts must be listed

If You Elect to "Gift Split"

separately.

Enter on Schedule A the entire value of every gift you

Each gift made during the year should be identified by

made during the calendar year while you were married,

number in Column A.

even if the gift’s value will be less than $10,000 after it is

split on Schedule A, Line 2. (The annual exclusion amount

SCHEDULE A - LINE INSTRUCTIONS

Line 1

return, nor include your spouse’s half anywhere else on

your return. Your spouse should enter the amount from

Add the values listed in Schedule A, Column E and enter

Schedule A, Line 2, of your return on Schedule A,

the sum on Line 1.

Line 4, of his or her return. If both you and your spouse

Line 2

make gifts for which a return is required, the amount

each of you reports on Schedule A, Line 2, of his or her

If you are not splitting gifts with your spouse, skip this

return must be reported on Schedule A, Line 4, of the

line and enter the amount from Line 1 on Line 3. If you

other’s return.

are splitting gifts with your spouse, indicate which

numbered items from Schedule A you are gift splitting in

Example: H and W elect to gift split for the year.

the space provided on Line 2. Enter one-half of the gifts

During the year, W made gifts totaling $80,000. Half

of the total gifts made by W, $40,000, are allocated to

you made to third parties on Line 2. (Your spouse should

H. The $40,000 allocated to H is shown on W’s

enter this amount on Schedule A, Line 4, of his or her

return, Schedule A, Line 2. This amount is also entered

return.)

on H’s return, Schedule A, Line 4 and will be added

Line 3

to the gifts on Line 3 to determine the total gifts H

made during the year.

Subtract Line 2 from Line 1, and enter the balance on

Line 3. This is the amount of the donor’s gifts after

Line 5

subtracting the spouse’s portion of gifts subject to gift

Add Line 3 and Line 4. The total consists of the donor’s

splitting.

own gifts less the amount that is split with a consenting

Line 4

spouse, plus the donor’s share of the spouse’s gifts that

he or she has consented to split.

If you are not splitting gifts, skip this line and go to

Line 5. If you gave all of the gifts, and your spouse is

filing a Form CT-709 only to show his or her half of

those gifts, you need not enter any gifts on Line 4 of your

Page 13

Instructions For Form Ct-709 - Connecticut Estate And Gift Tax Return - 1999 Page 13

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