Gift taxes refer to the taxes levied on the transfer of property or money from one person to another without any exchange of value, such as a sale. Some other synonyms for gift taxes include estate taxes, inheritance taxes, donor taxes, and transfer taxes. Estate taxes apply to the transfer of property after an individual's death, while inheritance taxes are imposed on the heirs who receive the transferred property. Donor taxes, on the other hand, are levied on the individual making the transfer, and may be incurred for gifts made during their lifetime. Transfer taxes are a broader category that includes taxes on various types of property transfers, both during life and upon death.