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gift tax

noun
1.
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. 2014.
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British Dictionary definitions for gift-tax

gift tax

noun
1.
another name for (the former) capital transfer tax
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Encyclopedia Article for gift-tax

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

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Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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