Gift

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Gift

An asset of any kind that an individual transfers to another individual while neither receiving nor expecting anything in return. A gift one receives is taxable in the United States, but only if its value exceeds $13,000 (in 2009) and is not specifically excluded. For example, gifts between spouses are not taxable under any circumstances. See also: Estate, Gift Tax.

Gift

A transfer of property from one person or entity to another without consideration or compensation. For income tax purposes, the words "gift" and "contribution" usually have separate meanings, the latter word being used in connection with contributions to charitable, religious, etc., organizations, whereas the word "gift" refers to transfers of money or property to individuals.
References in periodicals archive ?
"The best gifts connect the gift giver with the gift recipient emotionally, so items that carry an emotional connection or emotional meaning are on trend."
"The Gift Giver" started off sluggishly, but its storytelling eventually picked up steam, with the old lead character's children belatedly realizing that he wasn't a cold, authoritarian dad, after all:
The idea, however, remains the same: to give potential gift givers an easy-to-follow shopping guide.
Various other European Christmas gift givers were more or less similar to Saint Nicholas: Pere Noel in France, Julenisse in Scandinavia, and Father Christmas in England.
Consider the gift giver who knows the gift receiver loves Italian food, but has to choose between a similarly priced restaurant gift certificate for a well-rated restaurant that is an hour away versus a medium-rated restaurant that is five minutes away.
Under the program, sales assistants will be trained to help anyone registering through the process by suggesting core items from each product category and encouraging registrants to offer the gift giver more options when purchasing from the registry list.
Books have become one of the most popular options for many gift givers, though.
The typical gift giver spent $2,643 on gift purchases, with an additional $78 spent on gift cards, wrapping paper and ribbons, and other items.
When someone purchases a gift, they will be provided with an instant unique coupon code that is sent to the gift giver as well as the gift receiver via email.
"What we found is that a gift giver's thoughtfulness, or how thoughtful you thought the gift giver was, counted only when you got a crappy gift," Epley told LiveScience.
When someone purchases a gift, they will be provided with an instant unique Gift a Fix certificate code that is sent to the gift giver and optionally to the gift receiver via email.
But in contrast, the gift giver was less bothered, and preferred it to go to a new home than to be discarded.