Inheritance-tax definition

A tax imposed on the privilege of taking property by inheritance or the right of receiving property by will, and assessed on the value of the property.
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A tax levied on persons who inherit property, typically a percentage of the value of the inheritance received.
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(loosely) An estate tax.
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A tax based on the value of the property of a deceased person, and charged on the beneficiaries of the estate.
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Other Word Forms

Noun

Singular:
inheritance-tax
Plural:
inheritance-taxes