unified transfer tax
The federal transfer tax imposed equally on property transferred during
life or at death. • Until 1977, gift-tax rates were lower than estate taxes. — Also termed unified estate-and-gift tax.
[Blacks Law 8th]
The federal transfer tax imposed equally on property transferred during
life or at death. • Until 1977, gift-tax rates were lower than estate taxes. — Also termed unified estate-and-gift tax.
[Blacks Law 8th]