inheritance tax Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

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 ​taxpaid 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 ​inheritancetax on your ​assetsworldwide. The ​proposals are intended to ​blockinheritancetaxavoidanceschemes. to avoid/​escape/​reduceinheritancetax
See also
(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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