GI loan
GNP
GRI
GRM
Gable roof
Gain
Gambrel roof
Gap
Gap loan
Garden apartments
Gated community
Gazebo
Gazumping
General agent
General contractor
General lien
General mortgage bond
General partner
General partnership
General real estate tax
General warranty deed
Generally Accepted Accounting Principles, GAAP
Gentrification
Geographic
Georgian
Gift deed
Gift tax
Ginnie Mae
Girder
Good and marketable title
Good consideration
Good faith
Good faith estimate
Good faith mortgagee
Good faith purchaser
Goodwill
Government National Mortgage Association, GNMA
Government check
Government lot
Government survey system
Grace Period
Grade
Gradient
Grading
Graduate Realtors Institute, GRI
Graduated lease
Graduated payment loan
Grandfather clause
Grant
Grant deed
Grantee
Granting clause
Grantor
Gratuitous agent
Greenbelt
Grid
Gridiron pattern
Gross Domestic Product
Gross Domestic Product, GDP
Gross National Product,GNP
Gross Rent Multiplier, GRM
Gross annual multiplier
Gross area
Gross income
Gross income multiplier
Gross lease
Gross leaseable area
Gross margin
Gross profits
Gross rate
Gross rent
Gross rentable area
Gross revenue
Gross sales
Ground fault interrupter, GFI
Ground lease
Ground rent
Group home
Growing-equity loan
Guarantee of title
Guaranteed inventory
Guaranteed mortgage
Guaranteed sale
Guaranty
Guardian
Guide meridians
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You chose: Gift tax
A federal tax on a monetary gift to a relative or friend.
Generally, each person may give up to 510,000 per year to each donee without imposition of a federal gift tax. On higher gifts. there may be a gift tax, or the gift may affect the donor's estate tax.
Example: Mr. and Mrs. Abel together give $20,000 this year to each of 3 sons ($60,000 total). There will be no gift tax imposed.
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