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estate tax
(redirected from Estate taxes)

    Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.02 sec.
estate tax
n.
A tax imposed on the right to transfer property by inheritance and assessed on the net value of a decedent's estate before distribution to the heirs. Also called death tax.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.estate tax - a tax on the estate of the deceased person
death duty, death tax, inheritance tax
transfer tax - any tax levied on the passing of title to property


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As a result, during the trust term the grantor can claim an income tax deduction for any real estate taxes he or she pays.
The ABCs of QPRTs: a properly structured trust can freeze the value ... by King, James P. / Journal of Accountancy
Because of the immediacy of the 421-a benefit, said Bhatia, the average buyer of a one-bedroom condominium at The Capri is paying only about $200 in real estate taxes a month--compared to monthly real estate taxes of between $600 and $700 at comparable condos that lack the 421-a exemption.
421-a right away at The Capri by Real Estate Weekly
On their 2001 joint return, they deducted their proportionate share ($10,489) of the housing corporation's real estate taxes from their adjusted gross income.
Cooperative unit owner denied AMT property tax deduction by O'Driscoll, David / The Tax Adviser
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