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

It also faces no deadline for unfiled gift tax returns, and the new fund opens one potential argument there, said Lawrence Zelenak, a tax law professor at Duke University.

From The Wall Street Journal ● May 30, 2026

That means a married couple would be able to contribute up to $38,000 to a child’s account before the gift tax kicks in.

From The Wall Street Journal ● Apr. 14, 2026

This year, annual gift tax exclusion rules allow you to make a $19,000 gift to as many recipients as you want without triggering the gift tax or eating into your $15 million estate tax exemption.

From Barron's ● Mar. 21, 2026

The gift tax applies to the wealth transfer over your lifetime and is paid by the donor; an estate tax is levied on the estate of the deceased.

From MarketWatch ● Jan. 6, 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 Corwin, Edward Samuel