Transactions Subject to the Federal Gift Tax

Authors

Douglas A. Kahn, University of Michigan Law SchoolFollow

Document Type

Article

Publication Date

1-1970

Abstract

The federal gift tax was first enacted in 1924, approximately eight years after the adoption of the estate tax. As originally enacted, the tax was largely ineffective because it was computed on an annual basis without regard to gifts made in prior years.

Recommended Citation

Kahn, Douglas A. "Transactions Subject to the Federal Gift Tax." Prac. Law. 16 (1970): 35-46.