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.

---

gift tax British  

noun

1. another name for (the former) capital transfer tax

---

Example Sentences

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

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

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

This amount is the annual gift tax exclusion for 2025 and 2026 remains at $19,000.

From MarketWatch • Jan. 8, 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