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

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

In 2026, the lifetime federal estate and gift tax exemption is $15 million per person, so a taxable gift uses part of the donor’s available lifetime exemption; just file IRS Form 709 if required.

From MarketWatch ● Aug. 25, 2026

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

From MarketWatch ● Jun. 2, 2026

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

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