This is an old revision of this page, as edited by The Eloquent Peasant (talk | contribs) at 00:21, 5 April 2020 (Adding short description: "Taxed at a lower rate than an alternative financial process that achieves the same end" (Shortdesc helper)). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
A financial process is said to be tax efficient if it is taxed at a lower rate than an alternative financial process that achieves the same end.[1]
Passing one's assets onto one's heirs using a Grantor Retained Annuity Trust, for example, is potentially more tax efficient than simply letting the heirs inherit the assets directly.
