Definition of inheritance tax in English:

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inheritance tax

Pronunciation:

noun

[mass noun]
(In the UK) tax levied on property and money acquired by gift or inheritance (introduced in 1986 to replace capital transfer tax).
Example sentences
  • 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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