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From Wikipedia, the free encyclopedia

In economics, a gift tax is the tax on money or property that one living person gives to another.[1] Items received upon the death of another are considered separately under the inheritance tax. Many gifts are not subject to taxation because of exemptions given in tax laws. The gift tax amount varies by jurisdiction, and international comparison of rates is complex and fluid.

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  • ✪ How Much can you Gift Without Paying Gift Tax?
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  • ✪ Gift Tax

Transcription

Contents

Countries without gift tax

Countries with gift tax

See also

References

  1. ^ O'Sullivan, Arthur; Sheffrin, Steven M. (2003). Economics: Principles in Action. Upper Saddle River, New Jersey 07458: Pearson Prentice Hall. p. 368. ISBN 0-13-063085-3.
This page was last edited on 26 February 2019, at 18:38
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