Search results for: “inheritance tax”

  • 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 […]

  • 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 […]

  • Inheritance Taxes

    See alsoLevies by some of the states on the right of the living… (Read more)…

  • Tax

    Tax

    Legal Definition and Related Resources of Tax Meaning of Tax An impost , a tribute imposed upon the subject . A compulsory imposition by competent authority on the subjects. there can be no option on the part of the taxpayer to pay or not to pay […]

  • Inheritance

    Real property that descended to the heir upon the ancestor ‘s death intestate . The term is also used in old books as synonymous with hereditaments. In popular language, the term is used to denote all property obtained by devise or descent although the term strictly means that […]

  • Capital Transfer Tax

    English Legal System: Capital Transfer TaxIn the context of the English law, A Dictionary of Law provides the following legal concept of Capital Transfer Tax : CTT (capital transfer tax, CTT) A tax formerly levied on property passing on death and on transfers of wealth during a person’s […]

  • Canons Of Descent Or Canons Of Inheritance

    The rules which regulate the descent of inheritances; the rules according to which estates are transmitted from ancestor to heir. 2 Bl. Com. 208. See further Descent….

  • Canons Of Inheritance, Or Canons Of Descent

    The legal rules hy which Inheritances are regulated, and according to which estates are transmitted by descent from the ancestor to the heir. 2 Bl. Comm. 208; 1 Steph. Comm. 359. …

  • Adjusted Taxable Income

    The taxable income for the computation year, decreased by the sum of the following amounts: (1) Capital gain net income for the comÂputation year. The amount (if any) of the capital gain net income for the computation year.(2) Income attributable to gifts, bequests, etc:(A) In […]

  • Interest

    Interest

    Legal Definition and Related Resources of Interest Meaning of Interest In relation to being objectively concerned in something, by having a right or title to, a claim upon, or a share in. legal concern in a thing; especially right or title to […]

  • Government

    Government

    Legal Definition and Related Resources of Government Meaning of Government The governing body of a community , a state , United States , territory, district , municipality , a commonwealth . See 11 U.S.C. §101(21). <div […]

  • Grantor

    Legal Definition and Related Resources of Grantor Meaning of Grantor A person who makes a grant . Grantor Alternative Definition He by whom a grant is made. […]

  • Estate

    Estate

    Legal Definition and Related Resources of Estate Meaning of Estate The degree, quantity, nature and extent of interest which a person has in real property is usually referred to as an estate and it varies from absolute ownership down to naked […]

  • Estate

    Estate

    Legal Definition and Related Resources of Estate Meaning of Estate The degree, quantity, nature and extent of interest which a person has in real property is usually referred to as an estate and it varies from absolute ownership down to naked […]

  • Intestate

    In the strict sense of the word, a person is said to die intestate when he leaves no will, but he is also said to die intestate, wholly or partially, if he leaves a will which does not dispose of his property at all or only disposes of part of it, so that the whole…