inheritance tax (Meaning)
Wordnet
inheritance tax (n)
a tax on the estate of the deceased person
Synonyms & Antonyms of inheritance tax
inheritance tax Sentence Examples
- Inheritance tax is levied on the value of an individual's property transferred to beneficiaries after their death.
- The United Kingdom has one of the highest inheritance tax rates in the world.
- Inheritance tax can significantly reduce the value of estates, especially in large or complex ones.
- There are certain exemptions and allowances available to mitigate inheritance tax liability.
- Proper estate planning can help minimize inheritance tax exposure.
- Insurance policies can be used to cover potential inheritance tax bills.
- The inheritance tax threshold varies depending on the jurisdiction and year.
- Some countries have abolished inheritance tax altogether.
- Inheritance tax can lead to disputes and family conflict if not handled appropriately.
- It is important to seek professional advice to understand and plan for inheritance tax implications.
FAQs About the word inheritance tax
a tax on the estate of the deceased person
estate tax, death tax, flat tax, income tax, direct tax, supertax, tariff, withholding tax, surtax, single tax
No antonyms found.
Inheritance tax is levied on the value of an individual's property transferred to beneficiaries after their death.
The United Kingdom has one of the highest inheritance tax rates in the world.
Inheritance tax can significantly reduce the value of estates, especially in large or complex ones.
There are certain exemptions and allowances available to mitigate inheritance tax liability.
