Legal Definitions - interspousal

INTERSPOUSAL

Interspousal is an adjective that describes something that is between a husband and wife.

- Interspousal transfer deed: A legal document that allows a married couple to transfer property between themselves without triggering a reassessment of the property's value for property tax purposes.

- Interspousal gifts: Gifts given between spouses that are not subject togift tax.

These examples illustrate how the term "interspousal" is used to describe things that are specific to the relationship between a husband and wife. The interspousal transfer deed is a legal document that only applies to married couples, and the term "interspousal" is used to emphasize this fact. Similarly, the term "interspousal gifts" is used to describe gifts that are given between spouses, and the term "interspousal" is used to emphasize that these gifts are exempt from gift tax only because they are given between spouses.