inheritance tax
Noun
Meaning
a tax on the estate of the deceased person
Source: WordNetSynonyms
Hypernyms
Examples
New ideas require new facts. You explain things by way of ideas. Why do we have a government that is run by rich trash? Because they've used their money to buy the presidency. Bush is a tool for the people who don't want an inheritance tax.
I was determined not to become an American citizen but I did it for completely cynical reasons: to avoid paying inheritance tax in the U.S.
Additionally, there is no estate or inheritance tax.
Mrs Justice Falk also dismissed Mr Banks' contention that the law on inheritance tax exemption unlawfully interfered with his rights to freedom of expression and assembly.
Besides facing the challenges of wine making, the siblings are confronted by steep inheritance tax which may force them to break up the property.
Even if the individual wants to minimise their inheritance tax bill, the priority should be to generate their income in the most tax efficient manner and that might require drawing some pension.