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

One family is fighting a $736 million gift tax bill on its GRATs while the popular trusts proliferate.

From The Wall Street Journal ● Sep. 22, 2026

No. Tuition payments made directly to a qualifying school, and qualifying medical expenses paid directly to the provider, are entirely excluded from gift tax, with no dollar cap.

From The Wall Street Journal ● Sep. 2, 2026

In other words, the federal gift tax simply isn’t an issue for most families—even families making quite substantial gifts.

From The Wall Street Journal ● Sep. 2, 2026

So just because it’s a gift subject to the federal gift-tax rules does not mean you would have to pay gift tax out of pocket.

From MarketWatch ● Aug. 25, 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