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 — Succession Suc*ces sion, n. [L. successio: cf. F. succession. See {Succeed}.] 1. The act of succeeding, or following after; a following of things in order of time or place, or a series of things so following; sequence; as, a succession of good… … The Collaborative International Dictionary of English
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
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
succession duty — A succession tax … Ballentine's law dictionary
succession duty — noun Date: 1853 chiefly British inheritance tax … New Collegiate Dictionary
Duty (disambiguation) — Duty is a philosophical and legal concept. Duty may also refer to: Duty (album), an album by Ayumi Hamasaki Duty (economics), a form of taxation Air Passenger Duty, an excise duty in the United Kingdom Stamp duty, a form of tax on documents… … Wikipedia
Succession — Suc*ces sion, n. [L. successio: cf. F. succession. See {Succeed}.] 1. The act of succeeding, or following after; a following of things in order of time or place, or a series of things so following; sequence; as, a succession of good crops; a… … The Collaborative International Dictionary of English
Succession of crops — Succession Suc*ces sion, n. [L. successio: cf. F. succession. See {Succeed}.] 1. The act of succeeding, or following after; a following of things in order of time or place, or a series of things so following; sequence; as, a succession of good… … The Collaborative International Dictionary of English
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