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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World English Dictionary
gift tax
 
n
another name for (the former) capital transfer tax

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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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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Example sentences
Any appreciation is not subject to estate or gift tax.
The estate and gift tax would be abolished, and there would be no taxation of
  dividends and capital gains.
Also no deduction for charity, offset by the end of gift tax.
The gift tax applies to transfers by gift of property.
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