Gift Tax Flashcards
0
Q
Gift tax is payable by
- By whom
- Form
Exemption is available to each donee or 14000 is maximum limit
A
- Donee
- 709
- Each donee
1
Q
Gift tax limit
A
More than $14000
Married. $28000
2
Q
Gift tax exemption. is available for gift of future interest
A
No
3
Q
Unlimited exclusions of gift is available to
A
Tution fee paid directly to educational Organisation Health care provider for medical care of donee not insurance Charitable gifts Martial deductions
