Legal Definition of gift tax
: an excise tax imposed on a donor for gifts of property made during the donor's lifetime — see also annual exclusion, gift sense 3, split gift at gift, unified transfer tax — compare death tax, estate tax, generation-skipping transfer tax
Learn More about gift tax
Dictionary Entries near gift tax
See More Nearby EntriesCite this Entry
“Gift tax.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/gift%20tax. Accessed 22 Apr. 2021.
Style: MLA
MLA
Chicago
APA
Merriam-Webster
Chicago
APA
Merriam-Webster
Comments on gift tax
What made you want to look up gift tax? Please tell us where you read or heard it (including the quote, if possible).
Test Your Vocabulary
Name that Thing: Flower Edition
-
- Name that flower
Can you spell these 10 commonly misspelled words?
TAKE THE QUIZ
A daily challenge for crossword fanatics.
TAKE THE QUIZLove words? Need even more definitions?
Merriam-Webster unabridged
Words at Play
Ask the Editors
Share gift tax