Asked by h
What is an inheritance tax?
A tax charged for the transfer of assets or property from a deceased person to their heirs.
A tax charged for the transfer of assets or property from a deceased person to their creditors.
A tax charged for the transfer of assets or property from a deceased person to the government.
A tax charged for the transfer of assets or property from a living person to their heirs or beneficiaries.
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Answered by
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Correct answer: "A tax charged for the transfer of assets or property from a deceased person to their heirs."
Briefly: an inheritance tax is paid by beneficiaries who receive assets from a deceased person's estate. It differs from an estate tax (levied against the estate before distribution) and from a gift tax (which applies to transfers made while the giver is still alive).
Briefly: an inheritance tax is paid by beneficiaries who receive assets from a deceased person's estate. It differs from an estate tax (levied against the estate before distribution) and from a gift tax (which applies to transfers made while the giver is still alive).
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