Definitions for inheritance tax
in·her·i·tance tax

Princeton's WordNetRate this definition:0.0 / 0 votes

1. inheritance tax, estate tax, death tax, death dutynoun

   a tax on the estate of the deceased person

WiktionaryRate this definition:0.0 / 0 votes

1. inheritance taxnoun

   A tax based on the value of the property of a deceased person, and charged on the beneficiaries of the estate.

WikipediaRate this definition:0.0 / 0 votes

1. Inheritance tax

   An inheritance or estate tax is a tax paid by a person who inherits money or property or a levy on the estate (money and property) of a person who has died.International tax law distinguishes between an estate tax and an inheritance tax—an estate tax is assessed on the assets of the deceased, while an inheritance tax is assessed on the legacies received by the estate's beneficiaries. However, this distinction is not always observed; for example, the UK's "inheritance tax" is a tax on the assets of the deceased, and strictly speaking is therefore an estate tax. For historical reasons, the term death duty is still used colloquially (though not legally) in the UK and some Commonwealth countries.

WikidataRate this definition:0.0 / 0 votes

1. Inheritance tax

   An inheritance tax or estate tax is a levy paid by a person who inherits money or property or a tax on the estate of a person who has died. In international tax law, there is a distinction between an estate tax and an inheritance tax: an estate tax is assessed on the assets of the deceased, while an inheritance tax is assessed on the legacies received by the beneficiaries of the estate. However, this distinction is not always respected in the language of tax laws. For example, the "inheritance tax" in the United Kingdom is a tax on the assets of the deceased, and is therefore, strictly speaking, an estate tax. In some jurisdictions the term used is death duty. For historical reasons that term is used colloquially in the United Kingdom and some Commonwealth nations.

Matched Categories

1. • Transfer Tax

How to pronounce inheritance tax?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say inheritance tax in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of inheritance tax in Chaldean Numerology is: 2

2. Pythagorean Numerology

   The numerical value of inheritance tax in Pythagorean Numerology is: 7

Examples of inheritance tax in a Sentence

1. George Osborne:

   It is not fair that non-doms with residential property here in the UK can put it in an offshore company and avoid inheritance tax.

2. George Osborne:

   It is not fair that people who are born in the UK to parents who are domiciled here, can later in life claim to be non-doms and live here, it is not fair that non-doms with residential property here in the UK can put it in an offshore company and avoid inheritance tax.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=inheritance tax
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Inheritance_Tax
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Inheritance_Tax
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=inheritance tax