gift tax
noun[C]
TAXukusataxpaidby alivingpersononmoneyorpropertythat they give toothers:
Under Federallawyou could bechargedgifttaxif you give more than $11,000 to anindividualin oneyear.
Examplesofgift tax
gift tax
County taxes include a five percent inheritance andgifttax, a motor vehicle tax, a vessel tax and an arcade game machine tax.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Examples include income tax, corporate tax, and transfer tax such as estate tax andgifttax.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Thegifttaxexemption is equal to $5,250,000. for estates of decedents dying in 2013, and $5,340,000 for estates of decedents dying in 2014.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Where a jurisdiction has bothgifttaxand inheritance tax, it is usual to exempt inheritances fromgifttax.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The value of the retained interest, as will be explained in more detail below, is important forgifttaxpurposes.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.In 1999, the correction of inflation on the $10,000 annualgifttaxexclusion was accomplished.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The lifetimegifttaxexemption is $5 million which is the same amount as the estate tax exemption.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Without thegifttax, large estates could be reduced by simply giving the money away prior to death, and thus escape any potential estate tax.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Generally, if the grantor retains an interest in the trust, then for estate andgifttaxvaluation purposes, his retained interest is valued at zero.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.He also authored legislation to eliminate thegifttaxand repeal the inheritance tax.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
- cell plate
- cell-plate
- cell potential
- cell-potential
- cell proliferation
- cell sap
- cell-sap
- cell signal
- cell signal
- cell staining
- cell surface
- cell theory
- cell-theory
- cell tower
- cell-tower
- cell transplantation
- cell turnover
- cellular
- cellular automaton
- cellular-automaton
- cellular biology
- cellular compartment
- cellular component
- cellular damage
- cellular debris