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 ?
While everyone hopes for additional price appreciation, common shares are giftable whether they rise or drop in value.
Giftables is an area where the chain expects and believes it "can make a difference," she said.
Inquirer Super lists giftable and edible holiday items for your 12 days of Christmas, Starbucks-style:
Their giftable collections can be found at larger, national stores such as Whole Foods Market and Neiman Marcus, as well as smaller, high-end specialty retailers in local markets.
Additionally, throughout the season, shoppers will find one-day-only deals of 30% to 50% off giftable items.
Sold in pairs, they come in a fancy box that makes them extremely giftable. Size: 22.5cm tall.
"Going with a unique design, like a 'chocolate box,' adds a very giftable element to a beauty package," says Nick Gardner, executive vice president, HCT California.
He says Hanna's has seen 50% sales growth in the past year, driven by competitively priced and giftable products such as the Aromabeads and Timberwick brands.
At the Las Vegas Market, PTM Images expanded its Disney line with a group of giftable artwork.
Gourmet food stores can merchandise this giftable item alongside strawberries and whipping cream.
* Francois Nars draws inspiration from the late artist Man Ray for a giftable and collectible range of beauty products.