death duty

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Definitions from WordNet

Noun death duty has 1 sense

inheritance tax, estate tax, death tax, death duty - a tax on the estate of the deceased person
--₁ is a kind of transfer tax

Definitions from the Web

Death Duty

Description:

Death duty refers to a tax or duty that is imposed on the estate or inheritance of a deceased person. It is often calculated based on the value of the assets left behind by the deceased and is paid by the heirs or beneficiaries.

Sample Sentences:

Noun (1) - Tax on estate:

The government levied a high death duty on the wealthy estate.
After her father's passing, Emily had to pay a substantial death duty on the inherited property.

Noun (2) - Tax on inherited assets:

The death duty on the stocks left by his late grandfather was quite burdensome.
Due to the significant death duty, they had to sell some of the inherited artworks to cover the expenses.

Noun (3) - Inheritance tax:

Some countries have eliminated death duty to encourage wealth preservation.
He sought advice from a tax consultant to minimize the impact of death duty on his estate.

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