estate tax definition

  • noun:
    • A tax imposed on the straight to transfer residential property by inheritance and assessed on the net worth of a decedent's property before distribution towards heirs. Also called demise tax.
    • A tax in line with the worth of the home of a deceased individual, and charged on the private associates of dead.
    • a tax regarding property associated with deceased person

Related Sources

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    • taxation imposed regarding transfer of property…
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