INHERITANCE TAX


Meaning of INHERITANCE TAX in English

noun

1. : an excise tax levied upon the privilege of receiving property as heir or next of kin under the law governing intestate succession, measured by the value of the interest each successor receives, and usually increased in rate as kinship with the deceased becomes more remote — compare legacy tax

2. : estate tax

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.