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

There are other ways to transfer wealth without triggering the gift tax.

From MarketWatch • Jun. 2, 2026

These payments are not considered taxable gifts and do not count toward your annual $19,000 gift tax exclusion.

From MarketWatch • Jun. 2, 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

In 2026, individuals can gift up to $19,000 per recipient before the gift tax applies.

From The Wall Street Journal • Apr. 14, 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