FOLIO Ontology

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Identification

IRI:
https://folio.openlegalstandard.org/RBvkyGNXJdg8pV3aykCKOeN
Label Wealth Tax Payment
Preferred Label Net Wealth Tax Payment
Identifier N/A
Alternative Labels
Asset-Based Tax Payment Capital Tax Payment Recurrent Taxes on Net Wealth Wealth Levy Wealth Taxation

Definition

Wealth Tax Payment, also known as Recurrent Taxes on Net Wealth, refers to the periodic payment of taxes levied on an individual's or entity's total net worth. This tax is typically assessed annually and is based on the value of assets such as real estate, investments, and personal property, minus liabilities.

Class Relationships

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See Also

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Parent Class Of 0

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Additional Information

Metadata

Comment

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Description

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Notes

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Editorial Information

History Note

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Editorial Note

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Deprecated

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Source and Origin

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