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gift tax
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gift tax
noun
a tax imposed on the transfer of money or property from one living person to another by gift, payable by the donor.
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Based on the Random House Dictionary, © Random House, Inc. 2012.
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Based on the Random House Dictionary, © Random House, Inc. 2012.
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Collins
Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Encyclopedia Britannica
Encyclopedia
gift tax
a levy imposed on gratuitous transfers of property-i.e., those made without compensation. Provisions for such taxes are common in national tax systems
Learn more about gift tax with a free trial on Britannica.com.
Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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