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 Glossary   >   G   >   "Gift" Definition   

        Gift

Property, money, or an asset that one person transfers to another while receiving nothing in return.

A transfer of an asset such as property or money etc from one person to another where no payment of any kind is given by the receiving person to the donor. Transfers of this kind may be subject to inheritance tax if the value is above a certain amount and to capital gains tax in certain circumstances.

Gift


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Gift \ Property, money, or an asset that one person transfers to another while receiving nothing in return.

A transfer of an asset such as property or money etc from one person to another where no payment of any kind is given by the receiving person to the donor. Transfers of this kind may be subject to inheritance tax if the value is above a certain amount and to capital gains tax in certain circumstances.


Gift / property, money, or an asset that one person transfers to another while receiving nothing in return.

a transfer of an asset such as property or money etc from one person to another where no payment of any kind is given by the receiving person to the donor. transfers of this kind may be subject to inheritance tax if the value is above a certain amount and to capital gains tax in certain circumstances.