gift tax

American  

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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gift tax British  

noun

1. another name for (the former) capital transfer tax

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Example Sentences

See Examples For:

gift tax

To avoid gift tax rules, intrafamily loans over $10,000 must charge at least the minimum federal interest rate set monthly by the IRS.

From The Wall Street Journal ● Oct. 11, 2026

That reduces your lifetime federal estate and gift tax exemption, which is $15 million per person for this year.

From The Wall Street Journal ● Oct. 11, 2026

The latter often has a gift tax attached.

From MarketWatch ● Sep. 21, 2026

There are ways to go beyond the $19,000 annual limit without being subject to the gift tax.

From The Wall Street Journal ● Sep. 3, 2026

Moreover, a tax on income, unlike a gift tax, is not necessarily unconstitutional, because retroactive.

From The Constitution of the United States of America: Analysis and Interpretation Annotations of Cases Decided by the Supreme Court of the United States to June 30, 1952 by Edward Samuel Corwin

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