3/4/2021 Gift tax - Wikipedia

Gift tax
In economics, a gift tax is the tax on money or property that one living person gives to another.[1] 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.

Contents
Countries without gift tax
Countries with gift tax
See also
References

Countries without gift tax

Argentina
Australia
Austria
Cyprus
New Zealand[2]
Norway
Slovakia
Sweden
Liechtenstein

Countries with gift tax

Belgium
Chile
Czech Republic
Denmark
Finland
France
Germany
India[3]
Ireland[4]
Italy
Japan
Netherlands

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3/4/2021 Gift tax - Wikipedia

Philippines
Portugal
Poland
Slovenia
Spain
South Africa
South Korea has the highest rate in the world, up to 50% of the gift amount
Switzerland
United Kingdom
United States

See also
Gift tax in the United States

References
1. O'Sullivan, Arthur; Sheffrin, Steven M. (2003). Economics: Principles in Action (https://archive.org/det
ails/economicsprincip00osul). Upper Saddle River, New Jersey 07458: Pearson Prentice Hall.
pp. 368 (https://archive.org/details/economicsprincip00osul/page/n384). ISBN 0-13-063085-3.
2. "Gift duty (Duties and levies)" (https://www.classic.ird.govt.nz/duties-levies/gift/gift-duty.html). Inland
Revenue. Retrieved 2019-09-22.
3. "Gift Tax Act" (https://incometaxindia.gov.in/Pages/indiacode/gift-tax-act.aspx).
incometaxindia.gov.in.
4. "Capital Acquisitions Tax" (https://www.citizensinformation.ie/en/money_and_tax/tax/capital_taxes/ca
pital_acquisitions_tax.html). www.citizensinformation.ie.

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This page was last edited on 28 January 2021, at 05:31 (UTC).

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