Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “inheritance tax”

inheritance tax

noun [C or U]
 
 
mainly UK ( abbreviation IHT, UK also death duty, US estate tax) TAX, PROPERTY
a tax paid on the value of the property, money, and other assets of someone who has died: If you are a UK resident, you are liable to inheritance tax on your assets worldwide. The proposals are intended to block inheritance tax avoidance schemes. to avoid/escape/reduce inheritance tax → See also death tax
(Definition of inheritance tax from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of inheritance tax?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “inheritance tax”

Definitions of “inheritance tax” in other dictionaries

Translations of “inheritance tax”

Word of the Day

from the word go

from the start of something

Word of the Day

Countability – grammar codes

by Dom Glennon​​,
November 26, 2014
Advices and informations Have you ever noticed strange codes in square brackets on entries in Cambridge Dictionaries Online and wondered what they mean? These are grammar codes, giving you a brief summary of how that word behaves grammatically. More information can be obtained by hovering your cursor over the code, and there’s

Read More 

ped-text verb

November 24, 2014
to text someone while walking I’m ped-texting, I’m looking down at my phone, 75 percent of the time.

Read More