inheritance taxes

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• all inheritance taxes — Including succession and legacy taxes, as well as inheritance taxes in the narrow sense, where the term appears in a direction in a will for payment of taxes. Anno: 37 ALR2d 85 …   Ballentine's law dictionary

• 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 — An inheritance tax or estate tax is a levy paid by a person who inherits money or property or a tax on the estate (total value of the money and property) of a person who has died.[1] In international tax law, there is a distinction between an… …   Wikipedia

• inheritance tax — a tax levied on the right of an heir to receive a decedent s property, the rate being a percentage of the value of the property. Also called death tax; Brit., death duty. Cf. estate tax. [1835 45] * * * Levy on the property accruing to each… …   Universalium

• inheritance — /in her i teuhns/, n. 1. something that is or may be inherited; property passing at the owner s death to the heir or those entitled to succeed; legacy. 2. the genetic characters transmitted from parent to offspring, taken collectively. 3.… …   Universalium

• Inheritance Tax (United Kingdom) — In the United Kingdom, Inheritance Tax was first introduced as a tax on estates in England and Wales over a certain value from 1796, then called legacy, succession and estate duties. The value changed over time and the scope of estate duty was… …   Wikipedia

• inheritance tax — A succession tax; a tax on the privilege of taking property of a decedent in accordance with law or on the right to receive property of a decedent. Not a tax on decedent s privilege of disposition of his property. 28 Am J Rev ed Inher T § 8. A… …   Ballentine's law dictionary

• Inheritance — For other uses, see Inheritance (disambiguation) and Heir (disambiguation). William Hogarth s plate 1 from A Rake s Progress, The Young Heir Takes Possession Of The Miser s Effects as his inherita …   Wikipedia

• Inheritance Tax — In some states in the U.S. (and in the United Kingdom), a tax imposed on those who inherit assets from a deceased person. The tax rate for inheritance taxes depends on the value of the property received by the heir or beneficiary and his/her… …   Investment dictionary

• Death Taxes — Taxes imposed by the federal and/or state government on someone s estate upon their death. These taxes are levied on the beneficiary that receives the property in the deceased s will; the tax amount is based on the property s value at the time of …   Investment dictionary

• death taxes — Taxes levied at death, based on the value of property left behind. There are two main types of death taxes in the United States: estate taxes and inheritance taxes. The federal government and some state governments impose estate taxes on decedent …   Law dictionary