Inheritance Tax

Legal Definition and Related Resources of Inheritance Tax

Meaning of Inheritance Tax

A burden imposed by government on all gifts, legacies and successions whether of real or personal property or both or any interest therein passing to certain persons ( other than those specially excepted) by will, by intestate law, or by deed or assignment made inter vivos , intended to take effect at or after the death of the grantor . See In re Morris’ estate , 50 S. E. 682, 132 N. C. 259. An excise on privilege of taking property by will or by inheritance or by succession in any other form upon death of owner . See In re Smith’s Estate, (Ohio Prob.) 188 N.E.2d 650. Not a tax on property but on transmission of property from dead to living. Rigby v Clayton, 164 S.E.2d 7, 274 N.C. 465.

Related Entries of Inheritance Tax in the Encyclopedia of Law Project

Browse or run a search for Inheritance Tax in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Inheritance Tax in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Inheritance Tax in Historical Law in the Encyclopedia of Law.

Legal Abbreviations and Acronyms

Search for legal acronyms and/or abbreviations containing Inheritance Tax in the Legal Abbreviations and Acronyms Dictionary.

Related Legal Terms

You might be also interested in these legal terms:

Inheritance tax in Law Enforcement

Main Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of inheritance tax.

Resources

See Also

  • Law Enforcement Officer
  • Police Work
  • Law Enforcement Agency

Further Reading

Meaning of Inheritance Tax in the U.S. Legal System

Definition of Inheritance Tax published by the National Association for Court Management: 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.

Concept of Inheritance Tax in the context of Real Property

A short definition of Inheritance Tax: A tax on the transfer of property from a deceased person; based on the right to acquire the property rather than the property itself.

Concept of Inheritance Tax in the context of Real Property

A short definition of Inheritance Tax: A tax on the transfer of property from a deceased person; based on the right to acquire the property rather than the property itself.

Inheritance Tax


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