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What property is used as a basis for determining the estate transfer tax?

April 26, 2017basis determining Estate Property tax transfer Used

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What property is used as a basis for determining the estate transfer tax?

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Residents – all property attributable to Louisiana. This includes all immovable and tangible movable property physically located in Louisiana, and all intangible movable property, wherever situated. Nonresidents – all property attributable to Louisiana. This includes all immovable property and all tangible movable property physically located in Louisiana. The tax is not imposed with respect to any intangible movable property owned by a nonresident.