Definition of inheritance tax in English:

inheritance tax

Line breaks: in|her¦it|ance tax

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).
    More 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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Word of the day coloratura
Pronunciation: ˌkɒlərəˈtjʊərə
noun
elaborate ornamentation of a vocal melody