### Question
How is the "taxable termination" defined?


### Answer
The term **taxable termination** is defined in *26 U.S.C. § 2612* as follows -

> the termination (by death, lapse of time, release of power, or otherwise) of an interest in property held in a trust unless—


(A) immediately after such termination, a non-skip person has an interest in such property, or


(B) at no time after such termination may a distribution (including distributions on termination) be made from such trust to a skip person

#### Citation:
  - *26 U.S.C. § 2612*
  - Heading: **Subtitle B-Estate and Gift Taxes > CHAPTER 13-TAX ON GENERATION-SKIPPING TRANSFERS > Subchapter B-Generation-Skipping Transfers**

