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Gift splitting

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Gift splitting
A technique used to avoid a gift tax in which a large sum of money to be given by two parents to a child is halved and given to the child separately For example, a husband and wife each donate $10,000 to their child rather than one parent donating $20,000.

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Similarly, gifts made by the transferor's spouse for which gift splitting will be elected are reported in the lower half of Part 1, 2 or 3 of Schedule A.
2036; gift splitting does not make W "transferor" of half of the property for estate tax purposes.
Gift splitting requires the filing of a gift tax return, but does not cause a taxable gift to occur.
 
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