Death Duty (Noun)
Meaning
A tax on the estate of the deceased person.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The government imposed a hefty death duty on the large estate left behind by the wealthy businessman.
- Due to the recent changes in the tax law, the family was required to pay a significant death duty on their late father's inheritance.
- The beneficiaries of the will were unhappy about the substantial death duty that reduced their share of the estate.
- After calculating the value of the estate, the executor had to pay a considerable death duty to the tax authorities.
- The death duty on the property was so high that the heirs had to sell some of the assets to cover the tax liability.