Calculate gift tax exposure against annual exclusions and the lifetime allowance.
Annual exclusions apply per recipient and can be doubled by gift splitting, so a couple giving to two recipients has four exclusions available. Amounts above that consume lifetime exemption before any tax is due. Very few gifts ever attract actual tax because the lifetime exemption is large, but reporting obligations arise well below that threshold.
Gift Tax
Taxable gift = gift − annual exclusions; tax applies only above the lifetime exemption
This is a general illustration, not financial, tax or legal advice. Rules, thresholds and rates vary by jurisdiction and change frequently, and individual circumstances materially affect outcomes. Consult a qualified adviser before making any decision based on these figures.
Taxable gift = gift − annual exclusions; tax applies only above the lifetime exemption Annual exclusions apply per recipient and can be doubled by gift splitting, so a couple giving to two recipients has four exclusions available. Amounts above that consume lifetime exemption before any tax is due.
Very few gifts ever attract actual tax because the lifetime exemption is large, but reporting obligations arise well below that threshold.
This calculator takes 6 inputs: Gift amount, Annual exclusion per recipient, Number of recipients, Gift splitting with a spouse, Lifetime exemption remaining, Gift tax rate above the exemption. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.