qualified transfer

qualified transfer definition - business

qualified transfer

An amount paid on behalf of an individual as tuition to an educational organization or to any person who provides medical care to such an individual. A qualified transfer is not treated as a transfer of property by gift for purposes of calculating a gift tax.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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