inheritance tax
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inheritance tax

A tax imposed on the privilege of receiving property by inheritance or legal succession and assessed on the value of the property received. Also called death tax.

inheritance tax

1. (Government, Politics & Diplomacy) (in Britain) a tax introduced in 1986 to replace capital transfer tax, consisting of a percentage levied on that part of an inheritance exceeding a specified allowance, and scaled charges on gifts made within seven years of death

2. (Government, Politics & Diplomacy) (in the US) a state tax imposed on an inheritance according to its size and the relationship of the beneficiary to the deceased

ThesaurusLegend: Synonyms Related Words Antonyms

Noun

inheritance tax - a tax on the estate of the deceased person

death duty, death tax, estate tax

transfer tax - any tax levied on the passing of title to property

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inheritance tax (redirected from Inheritence Tax)

inheritance tax
(redirected from Inheritence Tax)