Estate and Inheritance Tax Payment

Identification

IRI:

https://folio.openlegalstandard.org/RyEzP1KUrLaS4mGjIh4Tgh

Label Estate and Inheritance Tax Payment

Preferred Label N/A

Identifier N/A

Alternative Labels

Death Tax Payment Estate Duty Settlement Inheritance Duty Remittance Succession Tax Payment

Definition

Estate and Inheritance Tax Payment refers to the settlement of taxes levied on the transfer of assets from a deceased person's estate to their beneficiaries. Estate tax is usually paid by the estate itself before distribution, while inheritance tax is usually paid by the recipients of the estate assets based on the value they receive.

Class Relationships

Sub Class Of

• Estate, Inheritance, and Gift Tax Payment

Is Defined By

N/A

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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

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available