Law Dictionary

gift tax

noun

Legal Definition of gift tax

  1. :  an excise tax imposed on a donor for gifts of property made during the donor's lifetime — see also annual exclusion, gift 3, split gift at gift, unified transfer tax — compare death tax, estate tax, generation-skipping transfer tax


Learn More about gift tax


Seen and Heard

What made you want to look up gift tax? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

to help become familiar with something

Get Word of the Day daily email!