unified transfer tax


: a tax imposed under the Internal Revenue Code on the cumulative total of gifts made over a certain amount by a person during his or her lifetime and on transfers at death

called also unified estate and gift tax

see also unified credit

Dictionary Entries Near unified transfer tax

Cite this Entry

“Unified transfer tax.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/unified%20transfer%20tax. Accessed 13 Apr. 2024.

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