gift tax - definition in the Business English Dictionary - Cambridge Dictionaries Online

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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)
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