death tax - Hutchinson encyclopedia article about death tax Printer Friendly
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death duty
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death duty

Tax charged on a person's property after their death, also known as inheritance tax.



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estate tax purposes, it also provides a foreign death tax credit for the Canadian income tax assessed on the deemed sale at death of assets located in Canada; see Treaty Article XXIX B.
THE death tax, estate tax or a fee on inherited wealth -- whatever you call it -- would be abolished if the House of Representatives' values prevail.
A phase-out of the death tax was passed in 2001; it is supposed to disappear completely in 2010.
 
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