inheritance tax

noun

1
: a tax on a decedent's net estate that is levied after the estate is transmitted to the inheritors
2
: death tax
especially : estate tax

Examples of inheritance tax in a Sentence

Recent Examples on the Web Lesperance, a former non-dom in Britain during the late 1990s, said one billionaire client’s trust holdings would increase his UK inheritance tax liability more than 1,000% to about £400 million due to Labour’s non-dom reforms. Eli Joseph, Fortune Europe, 6 June 2024 Some recent examples include the current new Norwegian wealth and exit tax or just the high tax burden of other European countries like France with a high inheritance tax. Francois Botha, Forbes, 25 Feb. 2024 But the big house on the estate had been blown up, because of the death duty (inheritance tax). Rachel Syme, The New Yorker, 14 Mar. 2024 The best way to avoid the inheritance tax is to manage assets before death. Medora Lee, USA TODAY, 13 Feb. 2024 See all Example Sentences for inheritance tax 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'inheritance tax.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1841, in the meaning defined at sense 1

Time Traveler
The first known use of inheritance tax was in 1841

Dictionary Entries Near inheritance tax

Cite this Entry

“Inheritance tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/inheritance%20tax. Accessed 4 Jul. 2024.

Legal Definition

inheritance tax

noun
: 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

More from Merriam-Webster on inheritance tax

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