Definition of "Gift tax"

Dean  Ladick real estate agent
Dean Ladick, Real Estate Agent Keller Wiliams Realty Emerald Coast

Tax assessed on a transfer of property made without adequate legal consideration. This tax is based on the appraised value of the property at the time of transfer.Also, gifts of property between spouses are untaxed.

Have a question or comment?
We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 
 

 

Popular Real Estate Terms

Popular Real Estate Questions