0 a person or organization that receives something of value such as money or goods: --
1 a person or organization that is given power of attorney (= the legal right to make decisions for someone): --
I am also a supporter of an inheritance tax falling upon the donee.
If he wishes, he can readily sell the shares, for instance, and then pay over the cash to the donee.
There may be instances where the donee still retains the subject matter of the gift.
Also, there are many more donees, as distinct from donors, and consequently collection is easier if it falls on the donor.
If it were transferred during the lifetime of the donor and the tax was paid by the donee, the tax would be, in round thousands, £19,000.
It is far better to tax the donee or the transferee than the donor or the transferor.
The difference between whether the donor or the donee pays the tax is further increased because of the £1,000 exemption.
If this proposal is accepted, exceptions can be made for charities, companies and other donees.
