How to Use inheritance tax in a Sentence

inheritance tax

noun
Definition of inheritance taxnext
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  • The best way to avoid the inheritance tax is to manage assets before death.
    — Medora Lee, USA TODAY, 20 Feb. 2023
  • There's no federal inheritance tax, though there has been in the past.
    — Russ Wiles, The Arizona Republic, 24 Aug. 2020
  • The inheritance tax rate is 50% in South Korea and that can inch higher for the transfer of company shares.
    — Timothy W. Martin, WSJ, 28 Apr. 2021
  • Florida, which does not have a state income tax or inheritance tax, has long been a place for the wealthy to escape the higher taxes of the Northeast.
    — Maggie Haberman, New York Times, 31 Oct. 2019
  • Another perk: Many AIM stocks are exempt from inheritance tax if they’ve been held for at least two years.
    — Washington Post, 17 May 2019
  • Florida, which does not have a state income tax or an inheritance tax, has long been a place for the wealthy to escape the higher taxes of the Northeast.
    — BostonGlobe.com, 1 Nov. 2019
  • There is a special legal clause in place that exempts the Queen from paying inheritance tax on the estate left by her mother.
    — Kaitlyn Koterbski, Fortune, 8 Sep. 2022
  • The Equality State has no income tax, no estate or inheritance tax, a low sales tax, and a low property tax.
    — Dakota Kim, Sunset Magazine, 11 Feb. 2020
  • In lieu of paying £12 million in inheritance tax, its new steward has arranged to donate the work to the Public Gallery in Edinburgh.
    — Tom Nolan, WSJ, 1 July 2022
  • There were large inheritance tax payments and loans against their LG shares that didn’t comport with their understanding that Kwang-mo alone would shoulder the tax.
    — Victoria Kim, New York Times, 18 Dec. 2023
  • South Korean officials are expected to assess the inheritance tax—which could be as high as 60% for the Samsung shares—over the next months.
    — Elizabeth Koh, WSJ, 25 Oct. 2020
  • Making this state even more budget-friendly, there is no sales tax, estate tax, or inheritance tax.
    — Mia Taylor, Better Homes & Gardens, 24 Sep. 2021
  • Another is that Maryland has both a state estate and an inheritance tax.
    — William P. Barrett, Forbes, 17 Sep. 2021
  • Despite the settlement and a hefty state inheritance tax bill, there still was plenty of money for Scaife’s anti-tax causes.
    — Patricia Callahan, ProPublica, 15 Dec. 2021
  • That is unlikely to be the case for most of their offspring, who will also probably avoid paying inheritance tax.
    — Byryan Hogg, Fortune Europe, 30 Nov. 2023
  • High inheritance taxes mean Japan has fewer moguls than other rich places, hence fewer people who might be keen to build and run posh hotels.
    — The Economist, 12 Dec. 2019
  • Mitch McConnell has gone predictably berserk over the prospect of increasing the inheritance tax by taxing capital gains at death.
    — Timothy Noah, The New Republic, 18 June 2021
  • This means that the king inherited all of the queen's massive wealth directly—without paying a shilling of inheritance tax.
    — Olivia Evans, Women's Health, 6 May 2023
  • Some states also impose their own estate or inheritance tax, which informs the terms of their citizens’ wills.
    — Dallas News, 1 Mar. 2021
  • The film recounts the uneasy reunification of three siblings after their father’s death, and their efforts to keep the winery in spite of a hefty inheritance tax.
    — San Francisco Chronicle, 28 Mar. 2018
  • Nobody pays inheritance tax on less than $11.7 million—that’s just insane.
    — Timothy Noah, The New Republic, 21 Apr. 2021
  • And Charles won’t have to pay a shilling of inheritance tax, thanks to a 1993 agreement with the British government that exempts transfers of property from one sovereign to another.
    — Giacomo Tognini, Forbes, 4 May 2023
  • Neither Charles nor his siblings will have to pay inheritance tax on whatever assets are passed down from their mother, thanks to a 1993 agreement with the government.
    — Adam Taylor, Washington Post, 13 Sep. 2022
  • The monarch doesn’t pay inheritance tax on any assets held as part of official duties, including the palaces, paintings and Duchy portfolios.
    — Alistair MacDonald, WSJ, 13 Sep. 2022
  • Replacing the estate tax To do that, Batchelder suggests scrapping the estate tax — the tax on the transfer of property after a person dies — in favor of an inheritance tax, which would be paid by heirs.
    — Aimee Picchi, CBS News, 29 Jan. 2020
  • According to Zak, Jeanne had died in 1934, but the Calment family had presented the corpse to the authorities as Yvonne, in order to avoid inheritance taxes.
    — Lauren Collins, The New Yorker, 10 Feb. 2020
  • Other measures should include a wealth tax and a progressive inheritance tax.
    — Chuck Collins For Cnn Business Perspectives, CNN, 11 May 2020
  • While British citizens normally pay around 40 percent inheritance tax, King Charles gets this tax free.
    — Euan Ward, New York Times, 13 Sep. 2022
  • As a result, revenues from the inheritance tax are also minuscule.
    — Byprarthana Prakash, Fortune, 27 Sep. 2023
  • As a result, only about 2% of taxpayers will ever have to pay inheritance tax, according to Turbo Tax.
    — Medora Lee, USA TODAY, 20 Feb. 2023

Some of 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.

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