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 ?
In 'giftables,' the category that includes many popular items that are traditionally thought of as gifts, candles and candle accessories were the most frequently purchased gift item, bought by 35 percent of giftables buyers, followed by flowers, plants and garden accessories, bought by 32 percent of gifters; seasonal decorations and ornaments, 20 percent and especially strong in the fourth quarter gifting season, and gifts for pets, bought by 18 percent.
The gifting market is a unique opportunity for retailers to achieve exponential marketing.
The results of the quarterly Gift Tracker studies are compiled in an annual report called Gifting Report 2006: The Who, What, Where, How Much and Why of Gift Giving & Shopping, scheduled for publication in March/April 2006.
The gifting market that is the buying and giving of gifts to family and friends, is a $253 billion market.
The Coinstar National Currency Poll shows the broader trend towards giving gift cards is being driven largely by young adults ages 18 to 44 that view gift cards more favorably than earlier generations for almost all gifting situations.
Out of the seven major gifting holidays, Valentines Day is the third most widely gifted holiday, after Christmas (96 percent) and Mother's Day (74 percent).
Arroweye Solutions offers a full suite of personalized gifting solutions including a consumer greeting card shop at www.