death duty Synonyms

No Synonyms and anytonyms found

death duty Meaning

Wordnet

death duty (n)

a tax on the estate of the deceased person

death duty Sentence Examples

1. In some countries, individuals may be subject to death duty, a tax levied on the estate of a deceased person.
2. Proper estate planning can help mitigate the impact of death duty on inheritors.
3. Death duty rates vary depending on the jurisdiction and the value of the estate.
4. Executors of an estate are responsible for ensuring that death duty obligations are fulfilled.
5. Failure to pay death duty within the specified timeframe can result in penalties and legal consequences.
6. Some governments offer exemptions or deductions to reduce the burden of death duty on certain assets.
7. Individuals may seek professional advice to navigate the complexities of death duty and minimize tax liabilities.
8. The assessment of death duty often involves valuing assets and calculating tax liabilities accordingly.
9. Death duty legislation may undergo revisions and amendments over time, affecting how it is applied.
10. Understanding the intricacies of death duty can help individuals plan their estates effectively and ensure their wishes are carried out smoothly.

FAQs About the word death duty

What is the meaning of the word death duty

a tax on the estate of the deceased person

What are the synonyms of the word death duty

No synonyms found.

What are the antonyms of the word death duty

No antonyms found.

What is the usage of word death duty

In some countries, individuals may be subject to death duty, a tax levied on the estate of a deceased person.

Proper estate planning can help mitigate the impact of death duty on inheritors.

How to use the word death duty in a sentence?

Death duty rates vary depending on the jurisdiction and the value of the estate.

Executors of an estate are responsible for ensuring that death duty obligations are fulfilled.