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
Asset managers Pension contributions in Britain will now fall within the purview of the inheritance tax regime, which is set at 40%.
—
Ganesh Rao, CNBC, 31 Oct. 2024
Increasing the standard inheritance tax rate to 45% from 40% would raise another £800 million.
—Samuel Burke, Fortune Europe, 29 Oct. 2024
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
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Ganesh Rao, CNBC, 31 Oct. 2024
Increasing the standard inheritance tax rate to 45% from 40% would raise another £800 million.
—Samuel Burke, Fortune Europe, 29 Oct. 2024
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
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 5 Nov. 2024.
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