Meaning of INHERITANCE TAX

Pronunciation:			in'heritns taks
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WordNet Dictionary
	Definition:		[n]  a tax on the estate of the deceased person
	Synonyms:		death duty, death tax, estate tax
	See Also:		transfer tax
Legal Dictionary
	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.