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WordNet-Online
Definitions from WordNet
Noun inheritance tax has 1 sense
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Definitions from the WebInheritance TaxNoun A tax imposed on the estate of a deceased person that is based on the value of the property the person owned at the time of death. Sense: Popular An inheritance tax refers to the tax levied by some governments on the assets inherited by beneficiaries after the death of an individual. It is calculated based on the value of the deceased person's estate. Example Sentence: After her wealthy uncle passed away, Lucy had to pay a substantial amount in inheritance tax. Sense: Local In some regions, the term "inheritance tax" is used interchangeably with "estate tax," which is a tax imposed on the total value of a deceased person's estate, including all assets and properties. Example Sentence: The state of California has its own inheritance tax laws, requiring beneficiaries to pay a tax on inherited assets. Related Products: | ||||
inherent variability inherentl inherently inheriance inherit inherit inheritable inheritance inheritance tax inheritances inherited inherited disease inherited disorder inherited wealth inheritence inheritence inheriting
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