Tax Terms

Gift Tax

Definition

What is Gift Tax?

Tax that may apply when assets are transferred without full consideration, depending on jurisdiction.

Example in practice

An investor checks local rules before gifting shares.

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Tax deducted at source from specified income payments before the recipient receives the balance.

Tax that may apply to gains from disposing of qualifying assets.

A public authority responsible for administering and collecting taxes.

The possibility of loss because broad market prices or rates move against an investment.

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