View synonyms for

inheritance tax

noun

a tax levied on the right of an heir to receive a decedent's property, the rate being a percentage of the value of the property.

inheritance tax

noun

(in Britain) a tax introduced in 1986 to replace capital transfer tax, consisting of a percentage levied on that part of an inheritance exceeding a specified allowance, and scaled charges on gifts made within seven years of death
(in the US) a state tax imposed on an inheritance according to its size and the relationship of the beneficiary to the deceased

Discover More

Word History and Origins

Origin of inheritance tax¹

First recorded in 1835–45

Discover More

Example Sentences

Examples have not been reviewed.

A farmer took his own life the day before the government's Budget after weeks of worrying about looming changes to inheritance tax, an inquest has heard.

From

Meanwhile, the Labour government's decision to start levying inheritance taxes on farms has sparked protests across the country and further outrage has followed with ministers' sudden closure of the popular grants for sustainable farming practices.

From

The government said its inheritance tax reforms were "vital" and its commitment to farmers was "steadfast".

From

With some farmers angry with the government over inheritance tax rules and changes to farm payments, why would a young person want to stay in the industry these days?

From

A good example of this are the dozens of tractors on Whitehall as farmers in their thousands made their views known about changes to inheritance tax.

From

Related Words

death tax��
estate tax��

inheritance inherited

Browse