inheritance tax
noun
1
: a tax on a decedent's net estate that is levied after the estate is transmitted to the inheritors
2
: death tax
especially
: estate tax
Examples of inheritance tax in a Sentence
Recent Examples on the Web
Retirees also don't pay an inheritance tax or an estate tax, and most groceries and all prescription and nonprescription drugs are tax-free.
—
Dobrina Zhekova, Travel + Leisure, 20 Nov. 2024
Higher taxes for family businesses The inheritance tax changes in the Budget will raise £520 million for the Treasury, according to the Office for Budget Responsibility (OBR).
—Marc Shoffman, theweek, 6 Nov. 2024
Dyson’s farming empire Dyson’s critique is hardly surprising given the entrepreneur owns a sprawling farming empire through his eponymous company, which stands to be impacted by the impending inheritance tax changes.
—Byprarthana Prakash, Fortune Europe, 4 Nov. 2024
Lobby group Family Business UK said tens of thousands of family-run businesses and farms will be ruined by this change due to lower levels of inheritance tax relief.
—Marc Shoffman, theweek, 6 Nov. 2024
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Dobrina Zhekova, Travel + Leisure, 20 Nov. 2024
Higher taxes for family businesses The inheritance tax changes in the Budget will raise £520 million for the Treasury, according to the Office for Budget Responsibility (OBR).
—Marc Shoffman, theweek, 6 Nov. 2024
Dyson’s farming empire Dyson’s critique is hardly surprising given the entrepreneur owns a sprawling farming empire through his eponymous company, which stands to be impacted by the impending inheritance tax changes.
—Byprarthana Prakash, Fortune Europe, 4 Nov. 2024
Lobby group Family Business UK said tens of thousands of family-run businesses and farms will be ruined by this change due to lower levels of inheritance tax relief.
—Marc Shoffman, theweek, 6 Nov. 2024
See all Example Sentences for inheritance tax
Dictionary Entries Near inheritance tax
Cite this Entry
“Inheritance tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/inheritance%20tax. Accessed 1 Dec. 2024.
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