Gift Definition Igniting the Spark of Appreciation

GIFT meaning: 1 : something that is given to another person or to a group or organization; 2 : a special ability often + for sometimes + of. You can give, after all, a lot of things—your money, your heart, a damn—but you can gift only one thing: an actual gift. ... Under this definition ... noun · something given voluntarily without payment in return, as to show favor toward someone, honor an occasion, or make a gesture of assistance; present. Something acquired without compensation · A natural ability or quality - endowment, talent, natural endowment · The act of giving - giving. A gift is also a disposal for capital gains tax purposes and tax is potentially payable. From: gift in A Dictionary of Finance and Banking ». Subjects ... What is a gift? ... Gift means “something given voluntarily without payment in return, as to show favor toward someone, honor an occasion, or make ... A condition subsequent means that a condition must be met after the gift is made. For example, a donor gives $200,000 to a qualified donee ... gift ... something given to another freely and without payment in return, as to honor a person or an occasion or to provide assistance; a present:birthday gifts. When is a transfer of funds a gift? It's the topic of today's blog article. Definition of a “Gift”. Under the Internal Revenue Code (“Code ... Thus, a gift is the voluntary and gratuitous transfer of property. ... Furthermore, the donor must not draw any personal benefit, either directly or indirectly, ...