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Meaning of "gift tax" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF GIFT TAX

gift tax play
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GRAMMATICAL CATEGORY OF GIFT TAX

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Gift tax is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES GIFT TAX MEAN IN ENGLISH?

Gift tax

In economics, a gift tax is the tax on money or property that one living person gives to another. Items received upon the death of another are considered separately under the inheritance tax. Many gifts are not subject to taxation because of exemptions given in tax laws. The gift tax amount varies by jurisdiction, and international comparison of rates is complex and fluid.

WORDS THAT BEGIN LIKE GIFT TAX

gift
gift aid
gift horse
gift of the gab
gift of tongues
gift shop
gift token
gift voucher
giftable
gifted
giftedly
giftedness
giftee
giftless
giftware
giftwrap
giftwrapped
giftwrapping

WORDS THAT END LIKE GIFT TAX

airport tax
betterment tax
capital gains tax
council tax
departure tax
direct tax
entertainment tax
excise tax
fat tax
green tax
income tax
indirect tax
profits tax
property tax
road tax
sales tax
salt tax
transfer tax
value-added tax
wealth tax

Synonyms and antonyms of gift tax in the English dictionary of synonyms

SYNONYMS

Translation of «gift tax» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF GIFT TAX

Find out the translation of gift tax to 25 languages with our English multilingual translator.
The translations of gift tax from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «gift tax» in English.

Translator English - Chinese

赠与税
1,325 millions of speakers

Translator English - Spanish

impuesto sobre donaciones
570 millions of speakers

English

gift tax
510 millions of speakers

Translator English - Hindi

उपहार कर
380 millions of speakers
ar

Translator English - Arabic

الضرائب هدية
280 millions of speakers

Translator English - Russian

дарение
278 millions of speakers

Translator English - Portuguese

imposto sobre doações
270 millions of speakers

Translator English - Bengali

উপহার ট্যাক্স
260 millions of speakers

Translator English - French

impôt sur les donations
220 millions of speakers

Translator English - Malay

Cukai hadiah
190 millions of speakers

Translator English - German

Schenkungsteuer
180 millions of speakers

Translator English - Japanese

贈与税
130 millions of speakers

Translator English - Korean

증여세
85 millions of speakers

Translator English - Javanese

Hadiah hadiah
85 millions of speakers
vi

Translator English - Vietnamese

thuế quà tặng
80 millions of speakers

Translator English - Tamil

பரிசு வரி
75 millions of speakers

Translator English - Marathi

भेट कर
75 millions of speakers

Translator English - Turkish

Hediye vergisi
70 millions of speakers

Translator English - Italian

imposta sulle donazioni
65 millions of speakers

Translator English - Polish

Podatek prezent
50 millions of speakers

Translator English - Ukrainian

дарування
40 millions of speakers

Translator English - Romanian

taxa de cadou
30 millions of speakers
el

Translator English - Greek

φόρο δωρεάς
15 millions of speakers
af

Translator English - Afrikaans

geskenk belasting
14 millions of speakers
sv

Translator English - Swedish

gåvoskatt
10 millions of speakers
no

Translator English - Norwegian

gave skatt
5 millions of speakers

Trends of use of gift tax

TRENDS

TENDENCIES OF USE OF THE TERM «GIFT TAX»

The term «gift tax» is regularly used and occupies the 104.073 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
52
/100
The map shown above gives the frequency of use of the term «gift tax» in the different countries.
Principal search tendencies and common uses of gift tax
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «gift tax».

FREQUENCY OF USE OF THE TERM «GIFT TAX» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «gift tax» during the past 500 years. Its implementation is based on analysing how often the term «gift tax» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about gift tax

EXAMPLES

10 ENGLISH BOOKS RELATING TO «GIFT TAX»

Discover the use of gift tax in the following bibliographical selection. Books relating to gift tax and brief extracts from same to provide context of its use in English literature.
1
J.K. Lasser's Your Income Tax 2012: For Preparing Your 2011 ...
Depending on the value of the property, you may or may not have to file a gift tax return (39.2). However, the tax benefit of making gifts of property to younger family members has been cut back by the expansion of the “kiddie tax.” The kiddie ...
J. K. Lasser, 2011
2
Living Trusts
Person Responsible for Payment of Gift Tax Recall that the federal gift tax is not imposed upon the receipt of property by the donee; nor is it necessarily determined by the donee's enrichment or benefit from the gift. On the contrary, payment of ...
Doug H. Moy, 2004
3
Rethinking Estate and Gift Taxation
This book is designed to inform the current policy debate and build a conceptual basis for future scholarship. The book contains eleven original studies of estate and gift taxes, along with discussants' comments.
William G. Gale, James R. Hines, Joel Slemrod, 2011
4
U.S. Master Estate and Gift Tax Guide 2008
CCH Tax Law Editors. UNIFIED ESTATE AND GIFT TRANSFER TAX Chapter 1 OVERVIEW; RATES AND CREDITS The ever-changing estate and Unified credit H 15 gift taxes 1 5 Benefits of graduated rates Unified transfer tax rate and ...
CCH Tax Law Editors, 2007
5
A Lawyer's Guide to Estate Planning: Fundamentals for the ...
3.6 SPECIAL SITUATIONS 3.61 Net Gifts A net gift is a gift in which the donor requires the donee to pay the gift tax attributable to the gift. Such a gift often is made when the donor lacks liquidity with which to pay the tax or wants to shift the tax ...
L. Rush Hunt, Lara Rae Hunt, 2004
6
Wiley CPA Exam Review 2013, Regulation
At death, a unified transfer tax is computed on total life and death transfers, then is reduced by the tax already paid on post-1976 gifts, the unified transfer tax credit, foreign death taxes, and prior transfer taxes. quires the filing of a gift tax return ...
O. Ray Whittington, 2012
7
Estate & Gift Tax Handbook 2007
11305 FACTS APPLICABLE TO SAMPLE GIFT TAX RETURN Below is a line-by- line explanation of how to complete the gift tax return. Form 709. for gifts made in 2006 (at the time this hook was updated, only 2006 forms were available).
Susan Flax Posner, 2007
8
Charitable Gift Planning: A Practical Guide for the Estate ...
The Gift Tax Charitable Deduction In addition to the income tax deduction, lifetime gifts by a U.S. citizen or resident alien to certain tax-exempt organizations qualify for the federal gift tax charitable deduction.309 But unlike the income tax ...
Thomas J. Ray (Jr.), 2007
9
J.K. Lasser's Your Income Tax 2013: For Preparing Your 2012 ...
Custodial Accounts for Minors • 39.3 Filing a GiftTax Return A gift tax return generally must be filed on Form 709 for a gift made during 2012 to an individual other than your spouse if it exceeds $13,000 or is a gift ofa future interest ( regardless ...
J.K. Lasser Institute, 2012
10
Easy Ways to Lower Your Taxes: Simple Strategies Every ...
Many people wrongly believe that the gift tax requires the people who receive the money or property to pay tax on it, or that the giver will owe tax anytime they make a financial gift. In fact, most people have nothing to worry about when it comes ...
Sandra Block, 2008

10 NEWS ITEMS WHICH INCLUDE THE TERM «GIFT TAX»

Find out what the national and international press are talking about and how the term gift tax is used in the context of the following news items.
1
Julie Jason's Your Money: Unwrapping the federal rules …
Anyone can make a gift of $14,000 or less each year to any number of people without triggering a gift tax, even if the total number of such gifts ... «The Union Leader, Jul 15»
2
Tax Secrets: How grandma beat up the IRS, legally
First some basic gift-tax law: You can give $14,000 per year per donee (the person receiving the gift) free of gift tax. If you're married, double it ... «Naples Daily News, Jul 15»
3
Peter Boutell, Lending a Hand: The myth about gift tax
It is a common myth that parents can only give their kids $14,000 per year in order to avoid a federal gift tax. Many first time homebuyers receive ... «Santa Cruz Sentinel, Jul 15»
4
Marriage equality brings tax, inheritance benefits
Make unlimited gifts to one another without having to worry about gift tax implications. • Leave property to one another without the survivor ... «Ahwatukee Foothills News, Jul 15»
5
Give your kids the gift of equity
“If the gift of equity is over $14,000 from one parent or $28,000 for both parents, you have to file a gift tax return,” said Warren Hennagin CPA ... «OCRegister, Jul 15»
6
How Much Can I Give Away Each Year
The annual gift tax exclusion for 2015 is $14,000. This means that you can give away $14,000 or less to any one individual (anyone other than ... «ElderLawAnswers.com, Jul 15»
7
10 Easy Ways Grandparents Can Help Pay For College
Under a special tax-code exemption, the amount of tuition a grandparent pays the school will not be subject to gift tax. It's a simple way to pay ... «Huffington Post, Jul 15»
8
Change brewing for valuation discounts on US family-owned entities?
Recent speculation is that a change in IRS regulations may be brewing regarding valuations for gift tax and estate tax purposes that may limit ... «Lexology, Jul 15»
9
IRS Grabs $388 Million From Billionaire Davidson Estate
There's also a $133,000 gift tax penalty bill. Note: no estate tax penalties were assessed. Pay attention: the valuation issues that derailed ... «Forbes, Jul 15»
10
Update on Estate and Gift Tax Proposals
The bill revises gift tax rates to lower the top rate to 35% and deems a transfer in trust to be a taxable gift unless the trust is treated as ... «JD Supra, Jul 15»

REFERENCE
« EDUCALINGO. Gift tax [online]. Available <https://educalingo.com/en/dic-en/gift-tax>. May 2024 ».
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