Elijah and Anastasia are married and have two married children and three minor grandchildren. For 2021, what is the maximum amount they can give to their family including the sons- and daughters-in-law) without using any of their unified transfer tax credit? Feedback Check My Work Like taxes on transfers at death, a gift tax is an excise tax levied on the right to transfer property. In this case, however, the tax is imposed on transfers made during the owner's life and not at death. A gift tax applies only to transfers that are not offset by full and adequate consideration