inheritance tax

noun

Definition of inheritance tax

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

  2. 2 :  death tax; especially :  estate tax

1841

First Known Use of inheritance tax

1841


Law Dictionary

inheritance tax

noun

Legal Definition of inheritance tax

  1. :  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


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