ALL meanings of inheritance tax
in·her·it·ance tax
I i - noun inheritance tax a tax levied on the right of an heir to receive a decedent's property, the rate being a percentage of the value of the property. 1
- noun inheritance tax law: tax on inherited property 1
- noun inheritance tax A tax based on the value of the property of a deceased person, and charged on the beneficiaries of the estate. 0
- countable noun inheritance tax An inheritance tax is a tax which has to be paid on the money and property of someone who has died. 0
- noun inheritance tax (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 0
- noun inheritance tax (in the US) a state tax imposed on an inheritance according to its size and the relationship of the beneficiary to the deceased 0
- noun inheritance tax a tax levied by the state upon the right of a beneficiary to receive the property of a deceased person 0