Estate Duty
/ˈɛsteɪt ˈdjuːti/
Definitions
- (n.) A tax imposed on the transfer of the estate of a deceased person.
The executor calculated the estate duty before distributing the inheritance.
Forms
- estate duty
Related terms
See also
Commentary
Estate duty is often jurisdiction-specific and may be conflated with inheritance tax; precise drafting should reflect local statutory definitions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.