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Translations for „gift tax“ in the English » Polish Dictionary (Go to Polish » English)

gift tax N

podatek m od darowizny

Monolingual examples (not verified by PONS Editors)

English

Generally, if the grantor retains an interest in the trust, then for estate and gift tax valuation purposes, his retained interest is valued at zero. en.wikipedia.org

But the child would still receive the gift tax-free. www.theglobeandmail.com

Examples include income tax, corporate tax, and transfer tax such as estate tax and gift tax. en.wikipedia.org

Without the gift tax, large estates could be reduced by simply giving the money away prior to death, and thus escape any potential estate tax. en.wikipedia.org

However, the annual gift exclusion ($14,000 per individual and $28,000 per married couple as of 2013) from the gift tax is only available for gifts of so-called "current interests". en.wikipedia.org

The federal gift tax is applicable to the donor, not the recipient, and is computed based on cumulative taxable gifts, and is reduced by prior gift taxes paid. en.wikipedia.org

Gifts above the annual exemption amount act to reduce the lifetime gift tax exclusion. en.wikipedia.org

In a marriage, a couple can pool their individual gift exemptions to make gifts worth up to $28,000 per (recipient) person per year without incurring any gift tax. en.wikipedia.org

The lifetime gift tax exemption is $5 million which is the same amount as the estate tax exemption. en.wikipedia.org

Could inheritance tax -- and a gift tax -- go back on the national agenda? www.smh.com.au

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