1) Donor’s tax is:

1. 1. A property tax             c. A business tax
   2. A personal tax             d. An excise tax

2) An act of liberality whereby one disposes gratuitously a thing or right in favour of another who Accepts it

1. 1. succession                                     c. donation
   2. occupation                                     d. tradition

Answers:

1) Answer: d .      

• Donor's tax is a tax that is levied on the privilege to transfer property from a living person to another living person without any consideration given or for a consideration that is less than an adequate and full amount of money's worth. 
• The nature of donor's tax is of an excise tax because it is imposed on the privilege to transfer property in the lifetime of a person. 
• The donor's tax is applied to the donor of the property. The donated property must be valued at fair market value at the time of transfer of donation
• Another definition of donor's tax is it is an excise tax that is imposed on the privilege of transferring property by way of gift inter vivos based on a pure act of liberality without any or less than the adequate consideration 

2)  Answer: c .

c. donation

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