Inheritance tax is money the state takes from what the dead leave behind. Pay inheritance tax, liable for inheritance tax, avoid inheritance tax.
It is charged above a threshold, so most estates pay nothing at all, which surprises people who argue about it. Whether it falls on the estate or on the person inheriting differs from country to country.
1nouninheritance taxMoney the state takes from what the dead leave behind.
“The house alone took the estate over the inheritance tax threshold.”
inheritance tax is a tax.
Practised in Crime & Law