Definitions for "Inheritance Tax"
Keywords:  heir, decedent, deceased, iht, levy
A tax on the value of a person's estate on death and on certain gifts made by an individual during their lifetime.
tax imposed on the privilege of inheriting something, paid by the recipient.
or capital transfer tax - a tax on gifts and inheritances.
an excise or impost laid upon the privilege of receiving property by inheritance
an assessment made on
An assessment payable to a level of government based on the value of assets inherited.
Keywords:  initial, closing
Initial Closing