Net Gift
Definition
A method of calculating the taxable portion of a gift transfer that deducts any consideration received by the donor from the recipient, e.g., the recipient’s payment of the donor’s gift taxes, from the total gift amount.
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A method of calculating the taxable portion of a gift transfer that deducts any consideration received by the donor from the recipient, e.g., the recipient’s payment of the donor’s gift taxes, from the total gift amount.