Meaning of INHERITANCE TAX
| Pronunciation: | | in'heritns taks
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 WordNet Dictionary |
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| | Definition: | |
[n] a tax on the estate of the deceased person |
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| | Synonyms: | | death duty, death tax, estate tax |
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| | See Also: | | transfer tax | |
| Legal Dictionary |
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| | Definition: | | A state tax on property that an heir or beneficiary under a will receives from a deceased person's estate. The heir or beneficiary pays this tax. |
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