inheritance tax definition

  • noun:
    • A tax imposed on privilege of obtaining home by inheritance or legal succession and considered in the worth of the house got. Also referred to as demise income tax.
    • A tax based on the value of the property of a deceased person, and charged regarding beneficiaries for the estate.
    • a tax from the property associated with deceased individual

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  • Definition for "inheritance tax"
    • A tax imposed on privilege of obtaining home…
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