Define Gift taxes. Gift taxes synonyms, Gift taxes pronunciation, Gift taxes translation, English dictionary definition of Gift taxes. n another name for capital transfer tax Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © H
WordReference Random House Unabridged Dictionary of American English © 2024 gift′ tax′, a tax imposed on the transfer of money or property from one living person to another by gift, payable by the donor. 'gift tax' also found in these entries (note: many are not synonyms or ...
A tutorial on the gift tax: what defines a gift and what transfers are subject to the gift tax, and how to calculate the gift tax.
A definition of the term "gift tax" is presented. It refers to a levy on the value of certain property gifted to others and paid by the donor. The gift tax is levied by the U.S. federal government and by some other states.EBSCO_bspInternational Dictionary of Finance, 4th Edition...
Legal Definition death tax noun : a tax assessed on the transfer of property (as an estate, inheritance, legacy, or succession) after the transferor's death compare estate tax, generation-skipping transfer tax, gift tax More from Merriam-Webster on death tax Thesaurus: All synonyms and ...
The Complete Definition of Capital Gains Tax Can You Claim Your Parents as Dependents? When Does Capital Gains Tax Apply? 5 Capital Gains Mistakes that Could Cost You This article is for informational purposes only and not legal or financial advice. ...
Gift tax definition: a tax imposed on the transfer of money or property from one living person to another by gift, payable by the donor.. See examples of GIFT TAX used in a sentence.
Legal Definition estate tax noun : an excise in the form of a percentage of the taxable estate that is imposed on a property owner's right to transfer the property to others after his or her death called also succession tax see also unified transfer tax compare gift tax, inheritance ...
One of the most common exclusions is the employer-basedhealth insurancepayment program. If an employer takes healthcare payments on a pretax basis, an employee’s taxable income is lowered at the end of the pay period, which reduces the amount of tax owed.15 The annual gift tax exclusion i...
A gift tax is a federal tax applied to an individual giving anything ofvalueto another person. For something to be considered a gift, the receiving party cannot pay the giverfull valuefor the gift but may pay an amount less than its full value.2 A gift tax return is a form that must ...