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inheritance tax

   Also found in: Legal, Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.02 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
n
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
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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? Mentioned in ? References in periodicals archive
 
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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