succession duty or tax

succession duty or tax
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 receiving property from a decedent by devise or inheritance.
See inheritance tax; succession tax

Black's law dictionary. . 1990.

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  • 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

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