gift tax

a tax imposed on the transfer of money or property from one living person to another by gift, payable by the donor. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To gift tax
World English Dictionary
gift tax
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
Cite This Source
Encyclopedia Britannica

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

Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
Cite This Source
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.
Copyright © 2014, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature