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
These examples are automatically compiled from online sources to illustrate current usage. Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Lobby group Family Business UK said tens of thousands of family-run businesses and farms will be ruined by this change due to lower levels of inheritance tax relief. Marc Shoffman, theweek, 6 Nov. 2024 In contrast, the UAE provides a zero-income tax regime, no capital gains tax and no wealth or inheritance tax, creating a fertile ground for wealth accumulation and protection. Ravi Kotwani, Forbes, 31 Oct. 2024 The chancellor is reported to want to remove the inheritance tax relief available to investors holding stocks listed in this market in the Wednesday budget. Ganesh Rao, CNBC, 29 Oct. 2024 Removing agricultural and business relief loopholes from inheritance tax would save £1.5 billion. Samuel Burke, Fortune Europe, 29 Oct. 2024 See all Example Sentences for inheritance tax 

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 17 Nov. 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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