Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
gift tax
A tax imposed when property is voluntarily and gratuitously transferred. Under federal law, the gift tax is imposed on the donor, but some states tax the donee. graduated tax See progressive tax.
unified estate-and-gift tax
See transfer tax under TAX.
unified estate-and-gift tax credit
See unified credit under TAX CREDIT.