Inheritance-tax
noun
1.
a tax levied on the right of an heir to receive a decedent’s property, the rate being a percentage of the value of the property.
noun
1.
(in Britain) a tax introduced in 1986 to replace capital transfer tax, consisting of a percentage levied on that part of an inheritance exceeding a specified allowance, and scaled charges on gifts made within seven years of death
2.
(in the US) a state tax imposed on an inheritance according to its size and the relationship of the beneficiary to the deceased
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[in-her-it] /ɪnˈhɛr ɪt/ verb (used with object) 1. to take or receive (property, a right, a title, etc.) by succession or will, as an heir: to inherit the family business. 2. to receive as if by succession from predecessors: the problems the new government inherited from its predecessors. 3. to receive (a genetic character) by […]
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[in-her-it] /ɪnˈhɛr ɪt/ verb (used with object) 1. to take or receive (property, a right, a title, etc.) by succession or will, as an heir: to inherit the family business. 2. to receive as if by succession from predecessors: the problems the new government inherited from its predecessors. 3. to receive (a genetic character) by […]
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[in-her-i-ter] /ɪnˈhɛr ɪ tər/ noun 1. a person who ; heir.
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[in-her-i-ter] /ɪnˈhɛr ɪ tər/ noun 1. a person who ; heir.