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  • Add You - Tax Planning - Gift Tax - What is it?

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    property, without expecting to receive some
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    What is a Gift Tax?

    A gift tax applies to the transfer (by gift) of any property. You make a gift if you give property (including money), or the use of or income from property, without expecting to receive somet

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    applies to the transfer (by gift) of any property. You make a gift if you give property (including money), or the use of or income from property, without expecting to receive some
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    erty. You make a gift if you give property (including money), or the use of or income from property, without expecting to receive some
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    property, without expecting to receive something of at least equal value in return. You may be making a gift if you sell something at less than its full value or if you make an interest-free or reduced interest loan.

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