Tax-liability definitions

A bill that is owed to a government for taxes. The taxes may be income, property, or a variety of other taxes. If tax liabilities are not paid, a lien can be placed on the assets until payment is received.
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Sentence Examples

  • corporation tax liability.

  • inheritance tax liability avoided?

  • Selling Your Spanish Property: The seller's tax liability.

  • If the funds had passed to the estate of the divorced spouse, the ultimate inheritance tax liability could have been 40 per cent.

  • stockbrokers ' commissions and capital gains tax liability.

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Also Mentioned In

Words near tax-liability in the Dictionary