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I have issues with inheritance tax, particularly coming from a migrant family. My dad has worked incredibly hard all his life, so it seems odd to me that someone who has gone through that experience and has managed to save then gets taxed for dying.
Sanjeev Bhaskar

Meaning of "inheritance tax" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF INHERITANCE TAX

inheritance tax play
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GRAMMATICAL CATEGORY OF INHERITANCE TAX

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Inheritance tax is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES INHERITANCE TAX MEAN IN ENGLISH?

inheritance tax

Inheritance tax

An inheritance tax or estate tax is a levy paid by a person who inherits money or property or a tax on the estate of a person who has died. In international tax law, there is a distinction between an estate tax and an inheritance tax: an estate tax is assessed on the assets of the deceased, while an inheritance tax is assessed on the legacies received by the beneficiaries of the estate. However, this distinction is not always respected in the language of tax laws. For example, the "inheritance tax" in the United Kingdom is a tax on the assets of the deceased, and is therefore, strictly speaking, an estate tax. For historical reasons, the term death duty is still used colloquially in the United Kingdom and some Commonwealth countries to refer to the estate tax.

Definition of inheritance tax in the English dictionary

The definition of inheritance tax in the dictionary is a tax introduced in 1986 to replace capital transfer tax, consisting of a percentage levied on that part of an inheritance exceeding a specified allowance, and scaled charges on gifts made within seven years of death. Other definition of inheritance tax is a state tax imposed on an inheritance according to its size and the relationship of the beneficiary to the deceased.

WORDS THAT BEGIN LIKE INHERITANCE TAX

inhearse
inhere
inherence
inherency
inherent
inherently
inherit
inheritability
inheritable
inheritableness
inheritably
inheritance
inherited
inheritor
inheritress
inheritrix
inhesion
inhibin
inhibit
inhibitable

WORDS THAT END LIKE INHERITANCE TAX

capital gains tax
carbon tax
council tax
departure tax
excise tax
green tax
income tax
negative income tax
negative tax
payroll tax
profits tax
property tax
purchase tax
regressive tax
road tax
sales tax
single tax
transfer tax
value-added tax
wealth tax

Synonyms and antonyms of inheritance tax in the English dictionary of synonyms

SYNONYMS

Translation of «inheritance tax» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF INHERITANCE TAX

Find out the translation of inheritance tax to 25 languages with our English multilingual translator.
The translations of inheritance tax from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «inheritance tax» in English.

Translator English - Chinese

遗产税
1,325 millions of speakers

Translator English - Spanish

impuesto de sucesiones
570 millions of speakers

English

inheritance tax
510 millions of speakers

Translator English - Hindi

भाग कर
380 millions of speakers
ar

Translator English - Arabic

ضريبة الميراث
280 millions of speakers

Translator English - Russian

налог на наследство
278 millions of speakers

Translator English - Portuguese

imposto sobre herança
270 millions of speakers

Translator English - Bengali

উত্তরাধিকার কর
260 millions of speakers

Translator English - French

impôt sur les successions
220 millions of speakers

Translator English - Malay

Cukai pusaka
190 millions of speakers

Translator English - German

Erbschaftsteuer
180 millions of speakers

Translator English - Japanese

相続税
130 millions of speakers

Translator English - Korean

상속세
85 millions of speakers

Translator English - Javanese

Warisan tax
85 millions of speakers
vi

Translator English - Vietnamese

thuế di sản
80 millions of speakers

Translator English - Tamil

பரம்பரை வரி
75 millions of speakers

Translator English - Marathi

वारसा कर
75 millions of speakers

Translator English - Turkish

veraset vergisi
70 millions of speakers

Translator English - Italian

imposta di successione
65 millions of speakers

Translator English - Polish

Podatek od spadków
50 millions of speakers

Translator English - Ukrainian

податок на спадщину
40 millions of speakers

Translator English - Romanian

impozitul pe succesiune
30 millions of speakers
el

Translator English - Greek

φόρου κληρονομίας
15 millions of speakers
af

Translator English - Afrikaans

erfenis belasting
14 millions of speakers
sv

Translator English - Swedish

arvsskatt
10 millions of speakers
no

Translator English - Norwegian

arveavgift
5 millions of speakers

Trends of use of inheritance tax

TRENDS

TENDENCIES OF USE OF THE TERM «INHERITANCE TAX»

The term «inheritance tax» is regularly used and occupies the 71.772 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
67
/100
The map shown above gives the frequency of use of the term «inheritance tax» in the different countries.
Principal search tendencies and common uses of inheritance tax
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «inheritance tax».

FREQUENCY OF USE OF THE TERM «INHERITANCE TAX» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «inheritance tax» during the past 500 years. Its implementation is based on analysing how often the term «inheritance tax» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about inheritance tax

EXAMPLES

QUOTES WITH «INHERITANCE TAX»

Famous quotes and sentences with the word inheritance tax.
1
Sanjeev Bhaskar
I have issues with inheritance tax, particularly coming from a migrant family. My dad has worked incredibly hard all his life, so it seems odd to me that someone who has gone through that experience and has managed to save then gets taxed for dying.

10 ENGLISH BOOKS RELATING TO «INHERITANCE TAX»

Discover the use of inheritance tax in the following bibliographical selection. Books relating to inheritance tax and brief extracts from same to provide context of its use in English literature.
1
Wills, Probate, & Inheritance Tax For Dummies
This jargon-free book gives you all the information you need to write a legally binding will and organise your estate properly.
Julian Knight, 2011
2
Inheritance Tax Made Simple: The essential guide to ...
It is the aim of this book to be helpfully straightforward and a thorough guide to this complex area of law, and to lessen such stresses as far as is possible.
Andrew Komarnyckyj, 2012
3
A Straightforward Guide to Understanding and Controlling ...
Explaining Inheritance Tax General principles General principles General principles General principles Inheritance tax defined Law of inheritance tax Domicile Deemed domicile Transfers of value Taxable and non-taxable giving Property ...
David Marsh, 2013
4
Inheritance Tax 2012/13
This essential guide to inheritance tax provides a clearly structured analysis of the major inheritance tax provisions together with relevant tips, pitfalls and planning techniques needed to apply them successfully.
Mark McLaughlin, Iris Wünschmann-Lyall, Chris Erwood, 2012
5
Kiplinger's Personal Finance
INHERITANCE TAX The inheritance tax is probably what comes to mind when you think about state death taxes. But it is only applicable in 18 states: Connecticut, Delaware, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, ...
6
Inheritance and Wealth Tax Aspects of Emigration and ...
(although it may be said that Italy also levied an inheritance tax in addition to estate tax, if there were heirs other than the surviving spouse and direct lineal heirs).6 Denmark went in the opposite direction. Until 1995 the Danish system was ...
‎2003
7
Ray and Mclaughlin's Practical Inheritance Tax Planning
Widely recognised as one of the leading titles in the field, the eleventh edition of this book supplies the latest estate planning techniques and expert know how that will help save inheritance tax.
Mark McLaughlin, Geoffrey Schindler, Paul Davies, 2013
8
Financial Times Guide to Inheritance Tax , Probate and ...
Whether the personal representatives will have to pay over any inheritance tax liability on an estate will depend on how much the estate is valued at, and whether this is fully covered by exemptions or business reliefs. The calculation of the ...
Amanda Fisher, 2012
9
Inheritance Tax: Twenty-ninth Report of Session 2004-05; ...
To strengthen its compliance work on Inheritance Tax returns, the Revenue has made greater use of information held by different parts of its organisation. This information has helped it to improve the way it has identified cases with undeclared ...
Great Britain: Parliament: House of Commons: Committee of Public Accounts, 2005
10
Core Tax Annual: Inheritance Tax 2011/12
Written by a team of experienced practitioners, the book explains even the most difficult points with great clarity, and includes chapters on lifetime planning, and wills and estate planning.
Toby Harris, Mark McLaughlin, Iris Wunschmann-Lyal, 2011

10 NEWS ITEMS WHICH INCLUDE THE TERM «INHERITANCE TAX»

Find out what the national and international press are talking about and how the term inheritance tax is used in the context of the following news items.
1
The new inheritance tax quirk that favours widows - Telegraph
Draft legislation published this week on the Budget changes to inheritance tax (IHT) show a valuable quirk for anyone widowed before the start ... «Telegraph.co.uk, Jul 15»
2
New Inheritance Tax Allowance For The Family Home
It was announced in the Summer Budget on 8 July 2015 that an additional inheritance tax ("IHT") nil-rate band will be introduced from April ... «Mondaq News Alerts, Jul 15»
3
Chancellor's IHT change delivers blow to equity release - FTAdviser …
One unintended consequence of inheritance tax changes announced in last week's Budget may be the negative impact of being able to pass ... «FT Adviser, Jul 15»
4
Labour Must Oppose Osborne's Inheritance Tax Cut
His inheritance tax cut, which will benefit fewer than one in 1000 families a year, but costs nearly £1billion of tax-payers' cash by 2021. «Huffington Post UK, Jul 15»
5
Farmers need more detail on inheritance tax relief
Farmers and landowners hoping to use a new inheritance tax relief announced in last week's Budget may have to wait for more detail. «FarmersWeekly, Jul 15»
6
Tycoon loses £12m home trying to avoid tax | The Times
A property tycoon has warned about the dangers of trying to avoid inheritance tax by passing on wealth early after a family dispute led to his ... «The Times, Jul 15»
7
The scenarios where you COULD still pay inheritance tax
Inheritance tax was designed to be paid by the very rich,” he said. “Yet today there are more families pulled into the inheritance tax net than ... «Telegraph.co.uk, Jul 15»
8
Did Osborne get it right on inheritance tax?
But George Osborne got the inheritance tax principle of “free” home transfer utterly wrong. I did not inherit much from my parents as they had no ... «The Times, Jul 15»
9
Inheritance tax boost for homeowners
This budget will see George Osborne realise an ambition nearly eight years old – to raise the threshold of inheritance tax to £1m for a couple, ... «The Guardian, Jul 15»
10
Patrick Harvie: There's a strong case to raise inheritance tax rather …
ANY Chancellor or finance minister, from any party will often be accused of trickery in the setting of Budgets. The complexity may be of a higher ... «The National, Jul 15»

REFERENCE
« EDUCALINGO. Inheritance tax [online]. Available <https://educalingo.com/en/dic-en/inheritance-tax>. Apr 2024 ».
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