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Meaning of “inheritance tax” in the English Dictionary

"inheritance tax" in Business English

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inheritance taxnoun [C or U]

uk   us   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
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(Definition of inheritance tax from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “inheritance tax”
in Chinese (Simplified) 遗产税…
in Chinese (Traditional) 遺產稅…
What is the pronunciation of inheritance tax?
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