Topical Terminology > Gift Splitting
1 Definition
Gift Splitting
For Gift Splitting we have a term and definition in Finance.
Gift Splitting (Finance) 
A technique used to avoid a gift tax in which a large sum of money to be given by two parents to a child is halved and given to the child separately For example, a husband and wife each donate $10,000 to their child rather than one parent donating $20,000.
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