gift tax

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gift tax

n
(Banking & Finance) another name for (the former) capital transfer tax
ThesaurusAntonymsRelated WordsSynonymsLegend:
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
References in periodicals archive ?
Gifts to individuals are free from federal gift taxes up to the annual gift tax exclusion ($14,000 in 2017).
The proposal also embraces a simplified compliance with estate tax law to allow for state tax credits, portability and reunification of federal gift taxes.
The proposal additionally embraces a simplified compliance with estate tax law to allow for state tax credits, portability, and reunification of federal gift taxes.

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