A tax imposed on someone who inherits property or money. Also called death tax.
- Some jurisdictions do not have an actual estate or inheritance tax but still levy tax when a death occurs.
- If inheritance tax is to be levied at all, very generous financial thresholds must be put in place.
- More of them than ever before have been swept into higher tax rates, inheritance tax and stamp duty.
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Syllabification: in·her·it·ance tax
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