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inheritance tax Definition

inheritance tax

noun

a tax levied by the state upon the right of a beneficiary to receive the property of a deceased person

inheritance tax Usage Examples

Converse of object

  • abolish: We want Mr Brown to abolish inheritance tax outright.
  • charge: Settled property This leaflet explains how we charge inheritance tax on assets which are included in a settlement.
  • loathe: The Daily Express has launched a major crusade to end the loathed inheritance tax grave robbery of middle Britain.
  • deliver: If you are responsible for delivering an inheritance tax account this leaflet explains how and why we seek penalties.

Preposition: on

asset: Settled property This leaflet explains how we charge inheritance tax on assets which are included in a settlement.

Modifies a noun

  • threshold: Shadow Chancellor George Osborne said: âIn 1997, just one town had an average house price higher than the inheritance tax threshold.
  • liability: Worse still, owners and managers of smaller companies who have EBTs may now face inheritance tax liabilities.
  • planning: For example, it could be effected under trust for his children as part of an inheritance tax planning exercise.
  • relief: The major disadvantage of the buy and sell method lies in the absence of inheritance tax business relief.
  • business: The major disadvantage of the buy and sell method lies in the absence of inheritance tax business relief.
  • hit: Inheritance tax hits hardworking middle-income earners the hardest, pilfering an asset families have spent their lives working for.

Browse dictionary entries near inheritance tax

  1. inheritance
  2. inheritable
  3. inherit
  4. inherently
  5. inherent power
  6. inherent
  7. inherency
  8. inherence
  9. inhere
  10. inhaul
  1. inheritor
  2. inhesion
  3. inhibin
  4. inhibit
  5. inhibition
  6. inhibitor
  7. inhomogeneous
  8. inhospitable
  9. inhospitality
  10. inhuman