Gift Inter Vivos

Gift Inter Vivos means:
a transfer of property to a donee during the life of the donor, for no consideration. The donor thus divests him or herself of control or dominion over the subject of the gift.

U.S. and other Developed Countries International Tax Meaning

GIFT INTER VIVOS – A gratuitous transfer of property made during the transferor's (donor's) lifetime. In many countries the gratuitous transfer of property is subject to a gift tax.