{"iri":"https://folio.openlegalstandard.org/RCNVZZsH2ADCweFko4b2UoE","label":"Gift Tax Payment","sub_class_of":["https://folio.openlegalstandard.org/R9HYiwtnrCegkpzpKHbJSRW"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":["Donor Tax Payment","Gift Duty Payment","Inter Vivos Gift Tax Settlement","Lifetime Transfer Tax Payment"],"translations":{},"hidden_label":null,"definition":"Gift Tax Payment refers to the settlement of taxes imposed on the transfer of wealth or property during an individual's lifetime that exceeds certain thresholds. This tax is generally paid by the donor, not the recipient, and is intended to prevent the avoidance of estate and inheritance taxes through lifetime gifts.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}