inheritance property

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• inheritance — in·her·i·tance /in her ə təns/ n 1: the act of inheriting: as a: the acquisition of real or personal property under the laws of intestacy or sometimes by will b: the succession upon the death of an owner either by will or by operation of law to… …   Law dictionary

• inheritance tax — n: an excise tax that is levied upon the privilege of receiving property as heir or next of kin under the law of intestacy and that is measured by the value of the property received compare estate tax Merriam Webster’s Dictionary of Law. Merriam… …   Law dictionary

• inheritance — in‧her‧i‧tance [ɪnˈhertns] noun [countable, uncountable] LAW money, property, or other things that become yours after someone has died: • people who suddenly have large lump sums to invest, perhaps from an inheritance * * * inheritance UK US… …   Financial and business terms

• inheritance tax — ( IHT) This is a tax that is levied on the value of your estate (all the assets you own) when you die. You only pay inheritance tax (at a rate of 40%) once your estate value exceeds a certain limit for the tax year 2001 2002 the limit is £242,000 …   Financial and business terms

• Inheritance (disambiguation) — Inheritance is the practice of passing on property and debts upon the death of an individual.Inheritance or Inheritor may also refer to:In literature:* Inheritance , a novel by Steven Savile set in the fictional Warhammer universe about the Von… …   Wikipedia

• property — prop·er·ty n pl ties [Anglo French propreté proprieté, from Latin proprietat proprietas, from proprius own, particular] 1: something (as an interest, money, or land) that is owned or possessed see also asset, estate, interest …   Law dictionary

• Property — • The person who enjoys the full right to dispose of it insofar as is not forbidden by law Catholic Encyclopedia. Kevin Knight. 2006. Property     Property      …   Catholic encyclopedia

• property — and property rights are central to capitalist societies. Perhaps because they are largely taken for granted in this context they have received relatively little attention from sociologists. By comparison, political philosophers and economists… …   Dictionary of sociology

• Property redistribution — is a term applied to various political policies involving taxation or expropriation of property from some in order to finance payments to others. Redistribution policies are usually promoted (in democracies) by claiming that less stratified… …   Wikipedia

• inheritance tax — inheritance taxes N COUNT An inheritance tax is a tax which has to be paid on the money and property of someone who has died …   English dictionary

• inheritance tax — ► NOUN ▪ (in the UK) tax levied on property and money acquired by gift or inheritance …   English terms dictionary