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gift tax

   Also found in: Legal, Financial, Wikipedia 0.06 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.gift tax - a tax imposed on transfers of property by gift during the lifetime of the giver
revenue enhancement, tax, taxation - charge against a citizen's person or property or activity for the support of government


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It is well-established gift tax law that a "condition subsequent" is void for gift tax purposes as contrary to public policy.
CPAs and their clients can read a comprehensive guide to the federal gift tax at this e-stop.
By transferring interests in an FLP to family members, a donor can apply substantial discounts in valuing the gift for gift tax purposes.
 
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