This is a limited preview — please sign in or subscribe to learn everything we know about the term “gift tax”.

gift tax

noun

Definitions of gift tax

  • a tax that a giver must pay when valuable assets, such as money or property, are transferred by gift (=given without receiving any payment)

    "If she gave you more than $12,000, she must fill out a gift tax form."

Phrase Bank for gift tax

Additional Notes for gift tax

Discounts for lawyers and law firms

Save time and money for you and your clients with our unique knowledge base.

Learn more

Improve your Legal English skills

Try the sample and preorder our digital coursebook, the English for Law at a big discount!

Try the sample unit!
TransLegal