How to Use inheritance tax in a Sentence

inheritance tax

noun

• Nevada has no state income tax, no corporate income tax and no inheritance tax, which helps trusts grow in value without having a chunk taken out.
  — Robert Frank, CNBC, 13 Aug. 2024
• But the big house on the estate had been blown up, because of the death duty (inheritance tax).
  — Rachel Syme, The New Yorker, 14 Mar. 2024
• The best way to avoid the inheritance tax is to manage assets before death.
  — Medora Lee, USA TODAY, 11 Apr. 2024
• The best way to avoid the inheritance tax is to manage assets before death.
  — Medora Lee, USA TODAY, 20 Feb. 2023
• There's no federal inheritance tax, though there has been in the past.
  — Russ Wiles, The Arizona Republic, 24 Aug. 2020
• The inheritance tax rate is 50% in South Korea and that can inch higher for the transfer of company shares.
  — Timothy W. Martin, WSJ, 28 Apr. 2021
• Maryland is the only state to impose both an estate tax and an inheritance tax.
  — Medora Lee, USA TODAY, 11 Apr. 2024
• Florida, which does not have a state income tax or inheritance tax, has long been a place for the wealthy to escape the higher taxes of the Northeast.
  — Maggie Haberman, New York Times, 31 Oct. 2019
• Another perk: Many AIM stocks are exempt from inheritance tax if they’ve been held for at least two years.
  — Washington Post, 17 May 2019
• Florida, which does not have a state income tax or an inheritance tax, has long been a place for the wealthy to escape the higher taxes of the Northeast.
  — BostonGlobe.com, 1 Nov. 2019
• There is a special legal clause in place that exempts the Queen from paying inheritance tax on the estate left by her mother.
  — Kaitlyn Koterbski, Fortune, 8 Sep. 2022
• The Equality State has no income tax, no estate or inheritance tax, a low sales tax, and a low property tax.
  — Dakota Kim, Sunset Magazine, 11 Feb. 2020
• In lieu of paying £12 million in inheritance tax, its new steward has arranged to donate the work to the Public Gallery in Edinburgh.
  — Tom Nolan, WSJ, 1 July 2022
• There were large inheritance tax payments and loans against their LG shares that didn’t comport with their understanding that Kwang-mo alone would shoulder the tax.
  — Victoria Kim, New York Times, 18 Dec. 2023
• South Korean officials are expected to assess the inheritance tax—which could be as high as 60% for the Samsung shares—over the next months.
  — Elizabeth Koh, WSJ, 25 Oct. 2020
• Making this state even more budget-friendly, there is no sales tax, estate tax, or inheritance tax.
  — Mia Taylor, Better Homes & Gardens, 24 Sep. 2021
• Another is that Maryland has both a state estate and an inheritance tax.
  — William P. Barrett, Forbes, 17 Sep. 2021
• Despite the settlement and a hefty state inheritance tax bill, there still was plenty of money for Scaife’s anti-tax causes.
  — Patricia Callahan, ProPublica, 15 Dec. 2021
• That is unlikely to be the case for most of their offspring, who will also probably avoid paying inheritance tax.
  — Byryan Hogg, Fortune Europe, 30 Nov. 2023
• High inheritance taxes mean Japan has fewer moguls than other rich places, hence fewer people who might be keen to build and run posh hotels.
  — The Economist, 12 Dec. 2019
• Mitch McConnell has gone predictably berserk over the prospect of increasing the inheritance tax by taxing capital gains at death.
  — Timothy Noah, The New Republic, 18 June 2021
• This means that the king inherited all of the queen's massive wealth directly—without paying a shilling of inheritance tax.
  — Olivia Evans, Women's Health, 6 May 2023
• Some states also impose their own estate or inheritance tax, which informs the terms of their citizens’ wills.
  — Dallas News, 1 Mar. 2021
• The film recounts the uneasy reunification of three siblings after their father’s death, and their efforts to keep the winery in spite of a hefty inheritance tax.
  — San Francisco Chronicle, 28 Mar. 2018
• Nobody pays inheritance tax on less than $11.7 million—that’s just insane.
  — Timothy Noah, The New Republic, 21 Apr. 2021
• And Charles won’t have to pay a shilling of inheritance tax, thanks to a 1993 agreement with the British government that exempts transfers of property from one sovereign to another.
  — Giacomo Tognini, Forbes, 4 May 2023
• Neither Charles nor his siblings will have to pay inheritance tax on whatever assets are passed down from their mother, thanks to a 1993 agreement with the government.
  — Adam Taylor, Washington Post, 13 Sep. 2022
• And half of the world’s billionaires live in countries with no inheritance tax on money given to children, according to a 2023 report from Oxfam.
  — Alicia Adamczyk, Fortune, 6 Feb. 2024
• The monarch doesn’t pay inheritance tax on any assets held as part of official duties, including the palaces, paintings and Duchy portfolios.
  — Alistair MacDonald, WSJ, 13 Sep. 2022
• Replacing the estate tax To do that, Batchelder suggests scrapping the estate tax — the tax on the transfer of property after a person dies — in favor of an inheritance tax, which would be paid by heirs.
  — Aimee Picchi, CBS News, 29 Jan. 2020

Last Updated: 5 Nov 2024