Tax Rules 2024. The gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year, up from $17,000 in 2023. The 15% tax rate is for filers with taxable.
For married couples, the limit is $18,000 each, for a. The current rules provide beneficial tax treatment for furnished holiday lettings compared to other property businesses in broadly 4 key areas: