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
No 4: Game-changing money from the Gulf The biggest story in the UK this week has been about farmers protesting against a change to inheritance tax.
—
Matt Slater, The Athletic, 21 Nov. 2024
The flashpoint is the government’s decision in its budget last month to scrap a tax break dating from the 1990s that exempts agricultural property from inheritance tax.
—Jill Lawless, The Christian Science Monitor, 19 Nov. 2024
Similar to estate tax in the U.S., inheritance tax in the U.K. is charged at 40% on the property, possessions and money of someone who has died, above a threshold of 325,000 pounds, or around $410,000.
—Hannah Peart, NBC News, 30 Nov. 2024
Retirees also don't pay an inheritance tax or an estate tax, and most groceries and all prescription and nonprescription drugs are tax-free.
—Dobrina Zhekova, Travel + Leisure, 20 Nov. 2024
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Matt Slater, The Athletic, 21 Nov. 2024
The flashpoint is the government’s decision in its budget last month to scrap a tax break dating from the 1990s that exempts agricultural property from inheritance tax.
—Jill Lawless, The Christian Science Monitor, 19 Nov. 2024
Similar to estate tax in the U.S., inheritance tax in the U.K. is charged at 40% on the property, possessions and money of someone who has died, above a threshold of 325,000 pounds, or around $410,000.
—Hannah Peart, NBC News, 30 Nov. 2024
Retirees also don't pay an inheritance tax or an estate tax, and most groceries and all prescription and nonprescription drugs are tax-free.
—Dobrina Zhekova, Travel + Leisure, 20 Nov. 2024
See all Example Sentences for inheritance tax
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 30 Dec. 2024.
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