https://www.taxtmi.com/forum/issue?id=989 The document debates whether the statutory definition of relative for gift taxation should be reciprocal, noting current asymmetry whereby certain relatives are treated as exempt donors in one direction but not necessarily in the opposite direction. The commentator urges that reciprocity be presumed so that capacity to give, not donor age or relationship direction, governs exemptions; it also flags a potential constitutional issue in broadly expanding the definition of income to include such gifts. en-us Sun, 28 Dec 2008 21:19:42 +0530 Thu, 23 Jan 2025 15:58:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=989 The document debates whether the statutory definition of relative for gift taxation should be reciprocal, noting current asymmetry whereby certain relatives are treated as exempt donors in one direction but not necessarily in the opposite direction. The commentator urges that reciprocity be presumed so that capacity to give, not donor age or relationship direction, governs exemptions; it also flags a potential constitutional issue in broadly expanding the definition of income to include such gifts. Discussion-Forum Income Tax Sun, 28 Dec 2008 21:19:42 +0530 https://www.taxtmi.com/forum/issue?id=989