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inheritance tax

   Also found in: Legal, Financial, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
inheritance tax
n.
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
Noun
(in Britain) a tax consisting of a percentage levied on the part of an inheritance that exceeds a specified allowance
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.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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I need to die in 2010 because there will be no inheritance tax (that year) and my kids will be able to carry on.
Bitter sweet: L.A. candy company closes after 117 years by York, Emily Bryson / Los Angeles Business Journal
But instead what captivated the Japanese media was the inheritance tax that his heirs had to pay.
Inheritance taxation planning--speaking with the oracle of Otemachi by Dodd, John / Japan Inc.
As Joseph Stiglitz, chairman of President Clinton's Council of Economic Advisers, has concluded: "Of course, prohibitively high inheritance tax rates generate no revenue; they simply force the individual to consume his income during his lifetime.
Death tax isn't dead by Hoar, William P. / The New American
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