Inheritance tax

Inheritance tax, also known in some countries outside the United States as a death duty and referred to as an estate tax within the U.S, is a form of tax that may be levied upon the estate of a deceased person that is left to a living person or organisation. If an asset is left to a charitable organisation, most countries do not apply the tax. The tax is also imposed on other transfers of property made as an incident of the death of the owner, such as a transfer of property from an intestate estate, or the payment of certain life insurance benefits.

Related Topics:
Duty - Tax - Estate - Intestate - Life insurance

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For UK Inheritance tax, see main article at Inheritance Tax (United Kingdom).

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