estate tax

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Related to estate tax: inheritance tax, death tax, gift tax, State estate tax

estate tax

A tax imposed on the right to transfer property by inheritance and assessed on the net value of a decedent's estate before distribution to the heirs.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

estate′ tax`

a tax imposed on the net worth of a decedent's property prior to distribution to the heirs. Also called death tax.

[1905–10]

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Noun

estate tax - a tax on the estate of the deceased person

death duty, death tax, inheritance tax

transfer tax - any tax levied on the passing of title to property

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References in periodicals archive ?

Cabreros told the Inquirer that BIR frontline officers from all over the country attended briefings at the agency's main office in Quezon City last week to prepare for today's implementation of estate tax amnesty under Republic Act (RA) No.

Estate tax amnesty scheme starts today

THE Bureau of Internal Revenue (BIR) said the rules for the implementation of the estate tax amnesty will be issued this week or before next month.

B.I.R. to issue estate tax amnesty rules

The Tax Cuts and Jobs Act of 2017 increased the federal gift and estate tax exemption to over $11,000,000 per individual or over $22,000,000 combined for a married couple.

Kucica: New tax plan accelerates need to plan for generational transitions

One of those complexities is the relationship of the estate tax and the income tax.

Estate tax repeal would mean higher taxes for most

This is the first installment of a two-part article on the federal estate tax. Part 1 discusses the unified federal estate and gift tax rules, the exemption amount, the definition of a gross estate, gifts made within three years of death, estate valuation, and portability.

Practitioners should know these basics about estate taxes to better advise clients

Part 1 discusses gift and estate tax developments, and Part 2, in the October issue, will discuss GST tax and trust tax developments as well as tax reform proposals and inflation adjustments for 2017.

Recent developments in estate planning

The New Jersey estate tax exemption for 2016 stood at $675,000, and it increase of to $2 million in 2017.

New Jersey estate tax repeal: will it last and who will benefit?

The federal estate tax exemption for deaths in 2016 is $5.45 million.

Portability in estate planning

Real estate tax employees always threaten strikes but do not follow up, says Minister's real estate tax advisor

Tax authority workers union vows to stop sending notifications until ministry meets demands

Following more than a decade of uncertainty and changing exemption levels, the American Taxpayer Relief Act of 2012 made the estate tax law permanent with a $5.25 million exemption amount (potential $10.5 million for married couples) for 2013 and a 40% top tax rate.