inheritance tax
noun
Definition of inheritance tax
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
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First Known Use of inheritance tax
1841
Law Dictionary
inheritance tax
noun
Legal Definition of inheritance tax
: 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
Learn More about inheritance tax
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Britannica.com: Encyclopedia article about inheritance tax
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