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

Paine's suggestions for social reform were of little immediate importance, and it was a hundred years before the first of them, a graduated death duty, was passed into law.

From A Short History of English Liberalism by Blease, Walter Lyon

When a man is dead, he is dead, and in estimating the death duty you have not to bother about how long he is going to live!

From Essays in Liberalism Being the Lectures and Papers Which Were Delivered at the Liberal Summer School at Oxford, 1922 by Various

Related Words

• estate tax
• inheritance tax