estate duty


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estate duty

n
(Banking & Finance) another name for death duty
Translations

estate duty

ntassa di successione
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References in periodicals archive ?
If it was prior to the capital transfer/inheritance tax regime introduced in 1975, the old estate duty rules will need to be considered.
The son of a County Durham coal miner, Vincent began his career in London in 1969 when he joined the Estate Duty Office as a trainee lawyer.
A keen Newcastle United fan, he began his career in London in 1969 when he joined the Estate Duty Office as a trainee lawyer.
Capital may be brought in tax-free and, in the event of death, there is no estate duty payable.
You have to maintain full records of every transaction, sell assets for the best price and use the cash to pay any tax and estate duty owed.
The Company has received an undertaking from the Minister of Finance in Bermuda pursuant to the provisions of the Exempted Undertakings Tax Protection Act 1966, which exempts the ordinary resident in Bermuda from any Bermuda taxes computed on profit, income or any capital assets, gain or appreciation or any tax in nature of estate duty or inheritance tax, at least until the year 2016.
Estate duty was abolished in 1979; Gift Tax was first reduced and was later done away in 1985-86.
The Court of Appeal yesterday allowed an appeal by the Crown against a decision of Mr Justice Vaisey that it could not charge further estate duty on the estate of the 20th Earl of Shrewsbury, who died in 1921.
He said: "When the 12th Duke took over from his father, it's likely he would have had to pay millions on estate duty.