death duty

American  

noun

British.

1. inheritance tax.

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death duty British  

noun

1. Also called: estate duty.  a tax on property inheritances: in Britain, replaced in 1975 by capital transfer tax and since 1986 by inheritance tax

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Etymology

Origin of death duty

First recorded in 1880–85

Example Sentences

Against estates valued at �5,000 or less no death duty will be levied.

From Time Magazine Archive

Then along came the Broadway hit My Fair Lady, which has brought in $2,000 a week in royalties, has paid the death duty, upped the estate's value to $2,000,000.

From Time Magazine Archive

Because a newly adopted finance act imposes an 80% death duty on real property held overseas by any British subject who dies at home.

From Time Magazine Archive

It meant the whole kindling social programme of Old Age pensions, Health and Unemployment insurance, increased income tax and an enlarged death duty.

From The War After the War by Marcosson, Isaac Frederick

The average British millionaire dies worth about 2,770,000l., on which the death duty would be 415,500l., leaving the agreeable nest-egg of 2,254,500l. to the heirs.

From British Socialism An Examination of Its Doctrines, Policy, Aims and Practical Proposals by Barker, J. Ellis

Related Words

• estate tax
• inheritance tax