gift tax
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 318 U.S. 184 - Robinette v. Helvering · 1943Most cited · 321 citing opinions
The tax is a primary and personal liability of the donor, is an excise upon his act of making the transfer, is measured by the value of the property passing from the donor, and attaches regardless of the fact that the identity of the donee may not then be known or ascertainable.