HyperDic: gift_tax

English > 1 sense of the expression gift tax:
NOUNpossessiongift taxa tax imposed on transfers of property by gift during the lifetime of the giver
English > gift tax: 1 sense > noun 1, possession
MeaningA tax imposed on transfers of property by gift during the lifetime of the giver.
Broadertax, taxation, revenue enhancementCharge against a citizen's person or property or activity for the support of government

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