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Gift Tax

Gift tax is a tax that is levied on the transfer of property or assets as a gift. Gift tax may be imposed on the value of the gift, and may be paid by the donor or the recipient, depending on the jurisdiction. Continue Reading Below

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Encyclopedia Articles

Discover the definition of financial terms related to gift tax.

Qualified Personal Residence Trust (QPRT) Thumbnail

Qualified Personal Residence Trust (QPRT)

Silas Bamigbola

Gift Letters in Real Estate: Understanding, Examples, and Tax Implications Thumbnail

Gift Letters in Real Estate: Understanding, Examples, and Tax Implications

Silas Bamigbola

Incidents of Ownership: Understanding, Impact, and Examples Thumbnail

Incidents of Ownership: Understanding, Impact, and Examples

SuperMoney Team

Uniform Transfer Tax: Definition, Components, and Practical Applications Thumbnail

Uniform Transfer Tax: Definition, Components, and Practical Applications

Alessandra Nicole

Asset Transfer Taxation: Navigating Carryover Basis in Finance Thumbnail

Asset Transfer Taxation: Navigating Carryover Basis in Finance

Alessandra Nicole

Annual Exclusion: What It Is, How It Works, and Examples Thumbnail

Annual Exclusion: What It Is, How It Works, and Examples

SuperMoney Team

Crummey Trust: Definition, Benefits, and Real-Life Examples Thumbnail

Crummey Trust: Definition, Benefits, and Real-Life Examples

Silas Bamigbola

Inter Vivos Gifts: Understanding, Planning, and Examples Thumbnail

Inter Vivos Gifts: Understanding, Planning, and Examples

Silas Bamigbola

Gift Causa Mortis: Definition, Examples, and Legal Considerations Thumbnail

Gift Causa Mortis: Definition, Examples, and Legal Considerations

SuperMoney Team

Financial Gifts: Types, Examples, and Strategic Planning Thumbnail

Financial Gifts: Types, Examples, and Strategic Planning

SuperMoney Team

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Learn About Gift Tax

Thumbnail for Blog Article: Letter 3456C: What Is It and How Should You Respond?

Letter 3456C: What Is It and How Should You Respond?

SuperMoney Team

Thumbnail for Blog Article: Letter 6122C: How to Handle the Notice and Gift Tax Issues

Letter 6122C: How to Handle the Notice and Gift Tax Issues

SuperMoney Team

About Gift Tax

Gift tax is a tax that is levied on the transfer of property or assets as a gift. Gift tax may be imposed on the value of the gift, and may be paid by the donor or the recipient, depending on the jurisdiction.