Meaning Of The Word Inheritance tax
What's the definition of Inheritance tax? Find Inheritance tax meanings, definitions and more at the Real Dictionary online.
Inheritance tax Meaning
| Inheritance tax Definition |
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What's The Definition Of Inheritance tax?
inheritance tax
countable noun: An inheritance tax is a tax which has to be paid on the money and property of someone who has died. inheritance tax in American English a tax levied by the state upon the right of a beneficiary to receive the property of a deceased person noun: 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 inheritance tax in British English noun: (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 |
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