succession tax


succession tax
An excise on the privilege of taking property by will, inheritance, or succession in any other form, upon the death of the owner. A tax upon the right to receive property from the estate of the decedent. McLaughlin v Green, 136 Conn 138, 69 A2d 289, 15 ALR2d 1210; Chase v Commissioner of Taxation, 226 Minn 521, 33 NW2d 706, 6 ALR2d 214. A tax imposed upon a legacy, devise, or distributive share of the estate of a decedent, not upon the estate. Re Rath, 10 Cal 2d 399, 75 P2d 509, 115 ALR 836; Re Daniels' Estate, 159 Ohio St 109, 50 Ohio Ops 79, 111 NE2d 252. Sometimes used loosely as inclusive of an estate tax on the theory that it is a duty or tax upon the transmission of a decedent's property, that is, his whole estate.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • succession tax — n 1: estate tax 2: inheritance tax Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • succession tax — noun 1. : estate tax 2. : inheritance tax 1 * * * succession duty or succession tax, Especially British. a tax on inherited property; inheritance tax …   Useful english dictionary

  • collateral succession tax — See collateral inheritance tax …   Ballentine's law dictionary

  • succession duty or tax — A tax placed on the gratuitous acquisition of property passing on the death of any person by transfer from one person to another. Wachovia Bank & Trust Co. v. Maxwell, 221 N.C. 528, 20 S.E.2d 840, 842. A tax imposed upon the privilege of… …   Black's law dictionary

  • succession duty — or tax A tax placed on the gratuitous acquisition of property passing on the death of any person by transfer from one person to another. Wachovia Bank & Trust Co. v. Maxwell, 221 N.C. 528, 20 S.E.2d 840, 842. A tax imposed upon the privilege of… …   Black's law dictionary

  • tax — 1 vt [Medieval Latin taxare to assess for taxation, tax, from Latin, to assess, value, fix] 1: to assess or determine judicially the amount of (costs of an action in court) 2: to levy a tax on tax the corporation tax capital gains tax·er n tax 2 …   Law dictionary

  • succession duty — noun chiefly Britain : inheritance tax 1 * * * succession duty noun A tax formerly imposed on succession to property, varying with the degree of relationship • • • Main Entry: ↑succeed * * * succession duty or succession tax, Especially Bri …   Useful english dictionary

  • tax — A charge by the government on the income of an individual, corporation, or trust, as well as the value of an estate or gift. The objective in assessing the tax is to generate revenue to be used for the needs of the public. A pecuniary burden laid …   Black's law dictionary

  • succession duty — A succession tax …   Ballentine's law dictionary

  • Succession duty — Succession duty, in the English fiscal system, a tax placed on the gratuitous acquisition of property which passes on the death of any person, by means of a transfer from one person (called the predecessor) to another person (called the… …   Wikipedia


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