inheritance tax

noun

1
: a tax on a decedent's net estate that is levied after the estate is transmitted to the inheritors
2
: death tax
especially : estate tax

Examples of inheritance tax in a Sentence

Recent Examples on the Web They will also be prevented from avoiding inheritance tax on assets held in trust. Karen Gilchrist, CNBC, 20 Sep. 2024 The Elkann family instead argue that their grandmother, Marella Caracciolo was a Swiss resident for years before the brothers were born, meaning that they wouldn’t be required to pay inheritance tax in Italy. Owen Bellwood / Jalopnik, Quartz, 23 Sep. 2024 Chancellor Rachel Reeves could announce changes to capital gains tax, inheritance tax, and council tax, among other measures. Rachel Cormack, Robb Report, 18 Sep. 2024 There is no state income or estate/inheritance tax. William P. Barrett, Forbes, 14 Sep. 2024 See all Example Sentences for inheritance tax 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'inheritance tax.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1841, in the meaning defined at sense 1

Time Traveler
The first known use of inheritance tax was in 1841

Dictionary Entries Near inheritance tax

Cite this Entry

“Inheritance tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/inheritance%20tax. Accessed 31 Oct. 2024.

Legal Definition

inheritance tax

noun
: an excise tax that is levied upon the privilege of receiving property as heir or next of kin under the law of intestacy and that is measured by the value of the property received compare estate tax

More from Merriam-Webster on inheritance tax

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