Gift Tax Annual Exclusion Financial Glossary

What is it? The first $10,000 in gifts that an individual can give tax free to another during a calendar year. The amount will be indexed for inflation after 1998. (See Annual Exclusion.)

Finance Term Definition Added By: Jacob

Send To Friends!

If you'd like to send the Gift Tax Annual Exclusion definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Gift Tax Annual Exclusion. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term CCJ is County-Court Judgement (England and Wales) - awarded against you if you are summoned to court over a debt and either dont turn up or lose the case.

Financial Term Equity is The net value of an asset or business (i.e. Assets minus Liabilities).

Financial Term UGMA is (see Uniform Transfers to Minors Act)

Financial Term Servicing is The duties of the mortgage banker as a loan correspondent as specified in the servicing agreement for which a fee is received. The collection for an investor of payments, interest, principal, and trust items such as hazard insurance and taxes, on a note by the borrower in accordance with the terms of the note. Servicing also consists of operational procedures covering accounting, bookkeeping, insurance, tax records, loan payment follow-up, delinquency loan follow-up and loan analysis.

Financial Term Annual management charge is This is a charge paid to a company for managing your investments. (This could be a fund manager, stockbroker or financial adviser).The Annual management charge can vary from 0.5 per cent to around 1.5 per cent, and is dependent upon the type of investment and the degree of advice received.