as in estate tax
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Recent Examples of inheritance tax
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.
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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
Higher taxes for family businesses The inheritance tax changes in the Budget will raise £520 million for the Treasury, according to the Office for Budget Responsibility (OBR).
—Marc Shoffman, theweek, 6 Nov. 2024
Dyson’s farming empire Dyson’s critique is hardly surprising given the entrepreneur owns a sprawling farming empire through his eponymous company, which stands to be impacted by the impending inheritance tax changes.
—Byprarthana Prakash, Fortune Europe, 4 Nov. 2024
See all Example Sentences for inheritance tax 
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
Higher taxes for family businesses The inheritance tax changes in the Budget will raise £520 million for the Treasury, according to the Office for Budget Responsibility (OBR).
—Marc Shoffman, theweek, 6 Nov. 2024
Dyson’s farming empire Dyson’s critique is hardly surprising given the entrepreneur owns a sprawling farming empire through his eponymous company, which stands to be impacted by the impending inheritance tax changes.
—Byprarthana Prakash, Fortune Europe, 4 Nov. 2024
See all Example Sentences for inheritance tax
Recent Examples of Synonyms for inheritance tax
Noun
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Individuals can use 529 plans to reduce estate tax liability, maximize contributions through superfunding and provide allowances through rollovers to Roth IRAs, all leading to significant tax savings.Robert Cole, Forbes, 9 Jan. 2025
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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
Noun
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Legislative Changes to Local Death Tax Proposed changes to inheritance tax rules, including potential alterations to relieve the death tax burden on local business and agricultural assets, may significantly impact estate planning strategies.Matthew F. Erskine, Forbes, 2 Jan. 2025
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For those with taxable annual incomes above $1.0 million a year, a Harris-Walz administration would at death tax unrealized capital gains at 28% (lower than the Biden proposal of 39.6%) for amounts above $5.0 million maximum, $10.0 million for joint filers.Milton Ezrati, Forbes, 9 Oct. 2024
Noun
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An accompanying state constitutional amendment would set spending growth limits on the General Assembly and direct future revenue growth toward eliminating the personal income tax and corporate income tax.Jonathan Shorman and, Kansas City Star, 8 Jan. 2025
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South Carolina lawmakers have racked up a number of conservative policy victories in recent years (such as the enactment of income tax relief, school choice, and Certificate of Need repeal).Patrick Gleason, Forbes, 7 Jan. 2025
Noun
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Those fees included a 2.5% flat tax for Muslim charity, as well as a road tax and various income taxes on individuals and small businesses, Zelin says.Lauren Frayer, NPR, 20 Dec. 2024
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Two states, Iowa and Louisiana, are moving to a flat tax.Kelly Phillips Erb, Forbes, 24 Dec. 2024
Thesaurus Entries Near inheritance tax
Cite this Entry
“Inheritance tax.” Merriam-Webster.com Thesaurus, Merriam-Webster, https://www.merriam-webster.com/thesaurus/inheritance%20tax. Accessed 21 Jan. 2025.
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