gift tax Meaning in the Cambridge English Dictionary
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Meaning of “gift tax” in the English Dictionary

"gift tax" in Business English

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gift taxnoun [C]

uk   us   TAX
a ​taxpaid by a ​livingperson on ​money or ​property that they give to others : Under Federal ​law you could be ​chargedgifttax 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)
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