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FINDLAW LEGAL DICTIONARY

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Gift Tax

gift tax n

: an excise tax imposed on a donor for gifts of property made during the donor's lifetime see also annual exclusion , gift split gift at gift , unified transfer tax compare death tax , estate tax , generation-skipping transfer tax



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.