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inheritance tax

Pronunciation:  in'heritns taks

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WordNet Dictionary
 
 Definition: [n]  a tax on the estate of the deceased person
 
 Synonyms: death duty, death tax, estate tax
 
 See Also: transfer tax

 

 

Legal Dictionary
 
 Definition: A state tax on property that an heir or beneficiary under a will receives from a deceased person's estate. The heir or beneficiary pays this tax.
 

 

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