Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “gift tax”

gift tax

noun [C]
 
 
TAX
a tax paid by a living person on money or property that they give to others : Under Federal law you could be charged gift tax if you give more than $11,000 to an individual in one year.
(Definition of gift tax from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of gift tax?
Add Cambridge dictionaries to your browser to your website

Word of the Day

throw

to send something through the air with force, especially by a sudden movement of the arm

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More