Gift Tax Calculator
Calculate taxable gift amount and gift tax based on the gift value and the donor's relationship to the recipient (relative or non-relative).
How to Use the Gift Tax Calculator
- Enter the value of the gift.
- Select the donor relationship (relative or other).
- Click Calculate to see taxable amount and gift tax.
Casi d'Uso
- •Estimating gift tax when transferring assets to non-relatives.
- •Planning tax-efficient gifting strategies.
- •Advising on intergenerational wealth transfers.
- •Preparing gift tax returns for non-relative transfers.
Formula
Taxable amount = 0 if relative, else gift value. Tax = taxable amount × 13%.
Domande Frequenti
Are gifts between relatives taxable?
In many jurisdictions, gifts between close relatives (parents, children, spouses, siblings) are exempt from gift tax.
What is the gift tax rate?
Gift tax is commonly assessed at the standard income tax rate (13% in many countries) on the taxable portion of the gift.
What counts as a taxable gift?
Cash, property, vehicles, and other assets transferred without adequate consideration may be subject to gift tax if the recipient is not a close relative.