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estate duty
Example Sentences
Conservative MP Sir Edward Leigh said: "Why should siblings who've lived together for years have to pay estate duty when one dies?"
Despite decades of intermittent socialism, we have long taken it for granted that the rich can privilege their offspring with unearned income on their deaths, subject only to estate duty.
When the estate duty has been paid no further duty is chargeable on property comprised in the estate which passes to lineal relations of the deceased.
For purposes of the national revenue in the United Kingdom, the Finance Act 1894 imposed on all property passing by death after the 1st of August 1894 a duty called estate duty, in lieu of certain other duties previously payable.
By the Finance Act 1894 property of which the deceased had a general power of appointment is subject to the payment of estate duty, even though the power has not been exercised.
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