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In economics, a gift tax is the tax on money or property that one living person gives to another. Items received upon the death of another are considered separately under the inheritance tax. Many gifts are not subject to taxation because of exemptions given in tax laws. The gift tax amount varies by jurisdiction, and international comparison of rates is complex and fluid.
Video Gift tax
Countries without gift tax
- Austria
- Australia
- Argentina
- Cyprus
- United Kingdom
- Sweden
Maps Gift tax
Countries with gift tax
- India
- Belgium
- Czech Republic
- Denmark
- Chile
- Finland
- France
- Germany
- Ireland
- Italy
- Japan
- Netherlands
- New Zealand
- Philippines
- Slovakia
- Slovenia
- South Africa
- United States
- Germany
- Norway
- Portugal
- Spain
- Switzerland
- United Kingdom
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See also
- Gift tax in the United States
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References
Source of article : Wikipedia
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