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

SOME IMPORTANT CHANGES

•

The statute of limitations will be suspended for

for delivering returns, claims, statements or

refund claims during any period that an individual

other documents, or payments, and meet the

is “financially disabled.” For more information,

timely mailing as timely filing/payment rules.

see Filing an Amended Return on Page 6.

For more information, see When to File Form

CT-709 on Page 5.

•

Taxpayers may now use certain private delivery

services, in addition to the U.S. Postal Service,

GENERAL INFORMATION

Where to Get Help

annual exclusion amount will be indexed for inflation after

1998 for federal and Connecticut gift tax purposes. There

Assistance is available from 8:00 a.m. to 5:00 p.m., Monday

is no adjustment to the annual exclusion amount for 1999.)

through Friday, by visiting any of the Department’s offices

There is no unified credit for Connecticut gift tax

listed on the back cover of this booklet.

purposes. Therefore, the tax computed as payable on

If you visit, be sure to bring your COMPLETED federal

Form CT-709 must be paid upon the filing of this return.

gift tax return.

Person on Whom the Gift Tax is

Where to Get Additional Forms and

Imposed

Publications

The gift tax is imposed on donors who are resident individuals

Connecticut tax forms and publications may be obtained

or nonresident individuals. If the gift tax is not paid when

from any of the resources listed on the back cover of

due, the donee will be personally liable for the tax to the

this booklet. The fastest way to obtain forms is to

extent of the value of the gift. The donor's residency status

download them from our Web site listed on the front and

is determined at the time the gift was made.

back covers of this booklet. However, copies of

Connecticut gift tax forms are also available at most public

libraries by photocopying them from the 1999

Who Must File Form CT-709

Connecticut Package X on file at the libraries. Forms

A Connecticut resident individual donor must file a

may also be obtained by writing to:

Form CT-709 if the donor:

Department of Revenue Services

Forms Unit

•

Makes a transfer by gift of any intangible

25 Sigourney Street

property (including cash); or the donor makes a

Hartford CT 06106-5032

transfer by gift of real or tangible personal

property located within Connecticut; and

or by calling 1-800-382-9463 (toll-free from within

•

Is required to file a federal Form 709, United

Connecticut) and selecting Option 2; or 860-297-4753

States Gift (and Generation-Skipping Transfer)

(from anywhere). Both numbers are available 24 hours

Tax Return.

a day.

A nonresident individual donor must file Form

CT-709 if the donor:

What is Gift Tax?

•

Makes a transfer by gift of any intangible

property employed in carrying on any trade or

Gift tax is the tax that is imposed on the transfer of

business within Connecticut; or the donor makes

property by gift during each calendar year. The tax is

a transfer by gift of real or tangible personal

measured by taxable gifts, as defined for federal gift tax

property located within Connecticut; and

purposes. The federal gift tax exclusion of $10,000 per

•

Is required to file a federal Form 709, United

donee per year for a gift of present interest, the unlimited

States Gift (and Generation-Skipping Transfer)

gift tax marital deduction, and the charitable deduction

Tax Return.

are recognized for Connecticut gift tax purposes. (The

Page 4

Instructions For Form Ct-709 - Connecticut Estate And Gift Tax Return - 1999 Page 4

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