- death duty
- = estate dutyA tax levied on the estate of a person who has died; the amount of the tax is calculated by assessing the estate of the deceased person in accordance with the appropriate tax regulations. In the UK, estate duty was replaced in 1975 by capital transfer tax, which in turn was replaced by inheritance tax in 1986.
Accounting dictionary. 2014.
Look at other dictionaries:
death duty — UK US noun [C or U] UK ► TAX INHERITANCE TAX(Cf. ↑inheritance tax): »Some assets may escape death duty if they are transferred seven years before death … Financial and business terms
death duty — n. Brit. INHERITANCE TAX … English World dictionary
death duty — noun a tax on the estate of the deceased person • Syn: ↑inheritance tax, ↑estate tax, ↑death tax • Hypernyms: ↑transfer tax * * * noun chiefly Britain : death tax … Useful english dictionary
death duty — death′ du ty n. ecn brit. inheritance tax • Etymology: 1880–85 … From formal English to slang
death duty — noun Date: 1881 chiefly British death tax … New Collegiate Dictionary
death duty — inheritance tax, death tax … English contemporary dictionary
death duty — noun (in the UK) a tax levied on property after the owner s death. Now called inheritance tax … English new terms dictionary
death duty — / deθ ˌdju:ti/, death tax / deθ tæks/ noun US a tax paid on the property left by a dead person (NOTE: the British equivalent is inheritance tax) … Marketing dictionary in english
death duty — / deθ ˌdju:ti/ noun US a tax paid on the property left by a dead person. Also called death tax (NOTE: The UK term is inheritance tax.) … Dictionary of banking and finance
death duty — Brit. See inheritance tax. [1880 85] * * * … Universalium