T.D. 9421, under Section 2642(a)(3), provides guidance regarding the generation-skipping transfer (GST) tax consequences of the severance of a trust in a manner that is effective under state law, but that does not meet the requirements of a qualified severance under Section 2642(a)(3). The final regulations also provide guidance regarding the GST tax consequences of a qualified severance of a trust with an inclusion ratio between zero and one into more than two resulting trusts. In addition, the regulations provide special funding rules applicable to the non-pro rata division of certain assets between or among resulting trusts.
(D) HUD Utility Schedule Model. A lowered because a local utility company §1.42–12 Effective dates and transitional building owner may calculate a utility estimate is obtained that shows a higher rules. estimate using the “HUD Utility Sched- utility cost than the otherwise applica- ule Model” that can be found on the ble PHA utility allowance, the lower rent (a) * * * Low-Income Housing Tax Credits page must be in effect for rent due at the end (4) Utility allowances. The first at www.huduser.org/d
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