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Definition of Gift tax
1. Noun. A tax imposed on transfers of property by gift during the lifetime of the giver.
Lexicographical Neighbors of Gift Tax
Literary usage of Gift tax
Below you will find example usage of this term as found in modern and/or classical literature:
1. General Explanation of Tax Legislation Enacted in 1998: Report of the Joint edited by William Roth, Bill Archer (2000)
"Section 6501(c)(9) provides an exception to these rules under which gift tax may
be assessed, or a proceeding in a court for collection of gift tax may be ..."
2. Forest Owners' Guide to the Federal Income Tax by William C. Siegel, William L. Hoover, Harry L. Haney, Jr., Karen Liu (1996)
"For pre-1977 gifts of this type, the new original basis is the donor's adjusted
basis plus the entire amount of gift tax paid, if any, not to exceed the ..."
3. Taxation and Household Saving: Country Surveys = Fiscalité Et épargne Des by Oecd, OECD Staff (1994)
"1.5 Gift and inheritance taxes 1.5.1 Tax base The inheritance and gift tax is
imposed on property acquired by inheritance, bequest or gift. ..."
4. Vision for a New IRS: Report of the National Commission on Restructuring the ...by Bob Kerry by Bob Kerry (1998)
"Because these gifts are deductible, no gift tax arises on covered ... By eliminating
the requirement of filing a gift tax return for transfers that do not ..."
5. Maintaining Budgetary Discipline: Spending and Revenue Options edited by Sherry Snyder (1999)
"RELATED OPTIONS: REV-26 and REV-27 Current law imposes a gift tax on transfers
of wealth during a taxpayer's lifetime and an estate tax on transfers at ..."
6. Taxation And Social Security in Agricultureby Berkeley Hill by Berkeley Hill (2005)
"Inheritance and gift tax: This tax is imposed when property is acquired by gift
or inheritance if the donor or the deceased was a resident of the ..."
Other Resources:
