This presentation provides an overview of gift tax laws. It introduces the presenters and defines gifts, charities and donations. It then outlines 7 things to know about gift tax, including that gifts to family members count, there is an annual exclusion, married couples can give twice as much, and donors have a lifetime exemption. The presentation discusses the chargeability of gift tax, advantages like reducing estate taxes, and disadvantages such as reducing net worth. It also covers topics such as valuing gifts, rates of gift tax, penalties, and returning or assessing gift tax.

1. WELCOME TO
OUR
PRESENTATIO

2. SN Presenter’s Name ID No: Status
1 MD. KAMRUL HASSAN TUHIN 11706005 Leader
2 MD. TAHARIM AHMED 11706009 Member
3 SUJAN AHAMMED 11706025 Member
4 NILOY KUMAR SAHA 11706042 Member
5 NUR UDDIN 11706043 Member
6 MD MOKTER HOSSAIN 11706044 Member
7 MD. MONTASIR AHMED RIDOY 11706056 Member

3. GIFT TAX

4. Definition of GIFT, CHARITY,
DONATION & GIFT TAX
DEFINITION
• CHARITY• GIFT • DONATION
GIFT
TAX

5. 5
7. PROMOTIONAL GIFTS AREN’T
CONSIDERED “GIFTS”
2. THERE IS AN ANNUAL GIFT TAX
EXCLUSION
5. MARRIED COUPLES CAN GIVE TWICE AS
MUCH
4. YOU MAY NEED TO FILE A GIFT TAX
RETURN (FORM 709)
3. THERE ARE ALSO EDUCATIONAL AND
MEDICAL EXCLUSIONS
6. EACH DONOR HAS A LIFETIME
EXEMPTION
7 THINGS SHOULD
KNOW ABOUT GIFT
TAX
1. GIFTS TO FAMILY MEMBERS COUNT

6. GIFT TAX
CHARGEABI
LITY OF
GIFT TAX

7. 7
ADVANTAGES
OF GIFT TAX
REDUCE ESTATE
TAXES
AVOID ESTATE
TAX INCREASES
TEACHES THE
FAMILY TO MANAGE
WEALTH
ALLEVIATE
RECIPIENT OF
CAPITAL GAINS TAX

8. 8
DISADVANTA
GES OF GIFT
TAX
REDUCES NET
WORTH
NO STEP-UP IN TAX
BASIS
THE KIDDIE TAX

9. RETURN OF GIFT TAX
WITHIN DUE DATE
WITHOUT DUE DATE

10. ASSESSMENT OF GIFT TAX
BEST
ASSESSMENT
CORRECT
RETURN
BASIS
AFTER
HEARING

11. PENALTY &
RECOVERY
OF GIFT
TAX
NOTICE OF
DEMAND

12. VALUATION
OF GIFT
CASH
PROPERTY;OTHER
THAN CASH
OTHERS

13. RATE OF
GIFT
TAX
1. On the first tk.500000 of the value of all taxable Gift
5%
2. On the next tk. 1,000,000 of the value of taxable Gift
10%
3. On the next tk. 2,000,000 of the value of all taxable gift
15%
4. 4. On the balance amount of the value
20%