unified transfer tax
noun
: a tax imposed under the Internal Revenue Code on the cumulative total of gifts made over a certain amount by a person during his or her lifetime and on transfers at death
called also unified estate and gift tax
see also unified creditDictionary Entries Near unified transfer tax
Cite this Entry
“Unified transfer tax.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/unified%20transfer%20tax. Accessed 22 Nov. 2024.
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