gift tax

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noun

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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Words nearby gift tax

giftable, gift certificate, gifted, gift of gab, gift of tongues, gift tax, gift voucher, giftware, gift-wrap, giftwrapping, Gifu

How to use gift tax in a sentence

Lawmakers later added a gift tax as a means of stopping wealthy people from passing their fortunes on to their children and grandchildren before death.
More Than Half of America’s 100 Richest People Exploit Special Trusts to Avoid Estate Taxes|by Jeff Ernsthausen, James Bandler, Justin Elliott and Patricia Callahan|September 28, 2021|ProPublica
Have you tried to access the research that your tax dollars finance, almost all of which is kept behind a paywall?
Anti-Fluoriders Are The OG Anti-Vaxxers|Michael Schulson|July 27, 2016|DAILY BEAST
His life as a man is built around health insurance and tax services.
Houellebecq’s Incendiary Novel Imagines France With a Muslim President|Pierre Assouline|January 9, 2015|DAILY BEAST
The kids had a gift for him too, a tee shirt with ‘Baseball Spoken Here’ stenciled across the front.
Mario Cuomo, Always Moving Us Toward the Light|Mike Barnicle|January 4, 2015|DAILY BEAST

Cocaine busts, tax cheats, and bribe-taking, born-again Christians: Welcome to the political scandals of 2014.
2014 Was a Delectably Good Year for Sleaze|Patricia Murphy|December 30, 2014|DAILY BEAST
In response to the screen quota cut, South Korea established a “cinema tax” on the box office.
Propaganda, Protest, and Poisonous Vipers: The Cinema War in Korea|Rich Goldstein|December 30, 2014|DAILY BEAST
The living (value £250) is in the gift of trustees, and is now held by the Rev. M. Parker, Vicar.
Showell's Dictionary of Birmingham|Thomas T. Harman and Walter Showell
At the end of the first year, however, she resigned this privilege because she did not wish to accept the conditions of the gift.
Women in the fine arts, from the Seventh Century B.C. to the Twentieth Century A.D.|Clara Erskine Clement
The law went into operation in England imposing a tax on wearing hair powder.
The Every Day Book of History and Chronology|Joel Munsell
In former years, Korea had paid an annual tribute or tax to China, but for some time it had been held back by this king.
Our Little Korean Cousin|H. Lee M. Pike
This gift of rice was especially pleasing to the traveller, as no dish is held in higher honour in Korea.
Our Little Korean Cousin|H. Lee M. Pike

British Dictionary definitions for gift tax

gift tax

noun

another name for (the former) capital transfer tax

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012