2024 Gift Tax Rules. Any gifts whether cash or other items whose value exceeds inr 50,000 in a financial year are liable to gift tax. For married couples, the limit is $18,000 each, for a total of $36,000.
The united states government imposes a gift tax on gifts of money and other property that exceed the annual gift tax limit of $18,000 in 2024. The current โgeneralโ iht nil rate band will remain frozen at ยฃ325,000 until 2030.