gift tax
3
6.0
- noun
- /ɡɪft tæks/
- Formal
:
impuesto sobre donaciones
- When giving a large sum of money as a present, the donor must consider the gift tax that may apply.
- estate and gift tax
- gift tax purposes
- gift tax exclusion
Examples
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If the donor exceeds the lifetime limit, there is a gift tax paid by the donor.
Blog text (15) -
Will you suffer gift tax consequences as a result?
Blog text (17) -
And even if it is a gift, there could be gift tax payable by the donor.
Blog text (6) -
There is another reason to be generous: Congress may limit how much taxpayers can give free of gift tax.
Academic text (1993) -
Currently, taxpayers may give $10,000 a year to as many individuals as they want, without gift tax.
Academic text (1993) -
The donor owes gift tax on a transfer unless it is $13,000 or less per donee per year.
Blog text (6) -
Many people are unaware that a gift tax can affect their financial planning for inheritances.
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It is important to consult a tax advisor to understand the implications of the gift tax on property transfers.
Surface Forms
Morphology
The meaning is directly compositional: combining 'gift' (a present/transferred item) with 'tax' (a government charge) yields a tax applied to gifts or transfers, so a learner who knows both words can infer the meaning. This noun-noun construction is common across languages and follows standard English compounding patterns, making it immediately understandable to a B1 learner.
Etymology
The compound noun gift tax comes from the two words gift meaning a present and tax meaning a government charge. Long ago, governments began to tax large presents to stop people hiding money, so today gift tax means 'a tax on gifts'.