death duty


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Related to death duty: inheritance tax

death duty

n. Chiefly British
A tax on inherited property; an inheritance tax.

death duty

n
(Banking & Finance) a tax on property inheritances: in Britain, replaced in 1975 by capital transfer tax and since 1986 by inheritance tax. Also called: estate duty

inher′itance tax`


n.
a tax levied on the value of property bequeathed to an heir.
Also called death tax; Brit., death duty.
[1835]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.death duty - a tax on the estate of the deceased person
transfer tax - any tax levied on the passing of title to property
Translations

death duty

n gen pl (Brit) → tassa di successione
References in periodicals archive ?
There seems little chance of either Missy Tata or Death Duty travelling to Cheltenham in March.
Jasper Feilding, top left, is handling the sale of a swathe of his family's nancestral land Newham Paddox, Monks Kirby on behalf of cousin Alexander Feilding, the 11th Earl of Denbigh, right, who faces a massive death duty bill
We in the Liberal Party advocate funding student fees by abolishing death duty exemptions and start at a marginal rate of 10% over pounds 100k.
NOT only a pounds 20,000 death duty, but pensioners will be forced to sign away their homes for soaring council tax bills.
The row erupted last week when it was reported the Government was strongly considering a pounds 20,000 compulsory death duty to pay for universal care for the elderly.
But his invitation to the Tories to take part was spurned by shadow health secretary Andrew Lansley, who accused Labour of considering a 10% death duty on estates to pay for care.
The Tories have vowed to raise the death duty threshold to pounds 1million - a move Labour strategists say has backfired.
The Conservatives want to see everyone but millionaires free from death duty.
Such as the abolition of many of the tax benefits which helped a lot of people during many economic downturns over the last 50 years, for example his raid on the company pension tax relief nine years ago; the abolition of the married man's allowance; the mortgage interest relief which helped and encouraged home buying; the stamp duty fiasco and the death duty taxes.
So when the Conservatives announced amongst other things they would raise the death duty threshold from pounds 300,000 to pounds 1 million, they lifted nine million households out of the inheritance tax trap.